USDJPY Forecast:

The USDJPY continued its bullish momentum yesterday, topped at 88.47 and closed at 88.38. On h4 chart below we can see that we are now in critical technical point where price is now testing the major trendline resistance. A violation to the upside should be seen as a big bullish scenario in longer term back towards 90.60 even 92.27 area. The bias remains bullish in nearest term targeting 88.80 area but CCI in overbought area and heading down on h4 chart so watch out for potential downside correction testing 87.50 area. I still prefer buy the dips strategy.