USDJPY Forecast:

The USDJPY bullish momentum was paused yesterday as price retreat lower after attempted to move closer to the upper line of the bearish channel. The bias is neutral in nearest term but as long as the bearish channel valid, the bearish scenario should remains intact. Only a clear break above the bearish channel and 90.20 area could be seen as bearish failure and lead the pair higher towards 91.25 area. Immediate support at 89.00 followed by 88.50 area.