USDJPY Forecast:

The USDJPY had a bearish momentum yesterday, bottomed at 91.01 and closed at 91.12 after failed to break above the major trendline resistance. This fact should keep the major bearish trend intact but as you can see on daily chart below, actually the bullish correction scenario remains intact as price still moving inside the minor bullish channel. The bias is bearish in nearest term targeting 90.50 area. Break below that area and violation the the minor bullish channel should be seen as the end of the bullish correction scenario at least targeting 89.50 and 88.50 area. Immediate resistance at 91.50. Break above that area should lead us into no trading zone.