USDJPY Forecast:

The USDJPY attempted to push lower yesterday, but the trendline support (blue) did a good job preventing further bearish pressure, keep the bullish scenario intact, as you can see on my h4 chart below. The pair is in consolidation phase and we need a clear break below trendline support or above the trendline resistance (yellow) to see clearer direction. Break below the trendline support should be a serious threat to the bullish outlook at least targeting 87.35 while break above trendline resistance should be seen as bullish continuation targeting 90.70 area.