USDJPY Forecast:

The USDJPY had a bullish momentum yesterday after corrected lower on Monday and Tuesday. On daily chart below we can see that price now back inside the bullish channel indicating bullish scenario remains intact. To continue the bullish scenario, price should be able to break above the major trendline support. We are in critical phase now. I am still in buy mode for this pair and expecting a breakout above the trendline to continue bullish scenario towards 94.50 even 97.75 area.  Immediate support at 92.00. Break below that area should trigger further bearish momentum and lead us into no trading zone in nearest term.