USDJPY Forecast:

The USDJPY had a significant bullish momentum yesterday, break above 87.50, topped at 87.67 and closed at 87.60. Technically this fact should trigger further bullish momentum targeting 88.80 and the major trendline resistance (red, see h4 chart below). Immediate support at 87.50. A clear break below that area should lead us into no trading zone but overall I am still in buy mode and short position is not recommended at this phase.