USDJPY Forecast:

The USDJPY made indecisive movement yesterday. The market seems to consolidating now. On h4 chart below we still have the bearish channel and I am expecting bearish continuation. The bias is neutral in nearest term but I still prefer bearish scenario targeting 93.25 area. However, I will pay attention to the 94.65 resistance area. Break above that area should diminish the bearish scenario and lead us into no trading zone.