USDJPY Forecast:

The USDJPY had a volatile movement yesterday but made no significant movement. The pair attempted to push lower, bottomed at 95.10 but before whipsawed to the upside, topped at 96.73 and closed at 96.11. This fact should keep bullish correction scenario which has started from July 13 intact and the trendline support area should give a us good long trade opportunity as it has been proved as strong support area. Immediate support at 95.70. Initial resistance at 96.70. Break above that area should trigger further bullish momentum.