USDJPY Daily Forecast
The USDJPY attempted to push higher yesterday, topped at 96.97 but closed lower at 96.64. The 96.70 resistance area was broken to the upside, but the bullish momentum is not convincing yet to set up a bullish outlook. On h4 chart below we can see that the trendline resistance has been violated to the upside but price attempted to retreat below the trendline indicating an intense battle around the trendline area. We need consistent move above 96.70 to confirm bullish scenario.