USDJPY Forecast:

The USDJPY is in critical technical phase now. As you can see in my daily chart below price is now testing the bullish channel after failed to break above the trendline resistance (red). A valid break below the channel should be seen as bullish failure and could trigger significant bearish momentum targeting 91.50 and 90.15 area. Immediate resistance at 93.00. Break above that area should keep the bullish scenario targeting 94.50 intact.