USDJPY Forecast:

The USDJPY had another bearish momentum on Friday. On h4 chart below we have a valid bearish channel after the trendline support has been violated to the downside, suggesting a bearish view. The bias is bearish in nearest term targeting 93.80. However CCI in oversold area and heading up on h4 chart so watch out for potential upside rebound testing 95.30 resistance area.