USDJPY Forecast:

The USDJPY made indecisive movement yesterday, formed a Doji on daily chart. The bias remains neutral in nearest term and I am still expecting range area at 90.60 – 89.00. Overall price still move in a bearish channel which has started from January 08 and we haven’t see any significant bullish correction signal so far so I still prefer a bearish scenario and stay with sell on rallies strategy. Break below 89.00 should continue the bearish scenario towards 88.00 area.