USDJPY Forecast:

The USDJPY attempted to push higher on Friday, slipped above the bearish channel but further bullish momentum was rejected as price closed lower and now back inside the bearish channel. This fact could be seen as potential false breakout scenario which could trigger a bearish momentum today testing 89.60 – 89.00 area. Immediate resistance at 90.50/60. Break above that area should trigger further bullish momentum testing 91.85.