USDJPY Forecast:

The USDJPY made indecisive movement yesterday, formed a Doji on daily chart. On h4 chart below we can see that the bullish channel still hold preventing further bearish attack. The bias remains neutral in nearest term but if the bearish pressure continue and we have a clear break below 93.70/80 and if the bullish channel violated to the downside should trigger further bearish pressure and could potentially put the end to the bullish correction. Immediate resistance at 94.50 followed by 95.05.