USDJPY Daily Forecast

The USDJPY had a bearish momentum yesterday. On daily chart below, we can see that the pair has been struggling around trendline area since June 23 indicating intense battle between buyers and sellers and we do not have the winner so far. I still prefer downside scenario as the long term trend is bearish. The bias is bearish in nearest term targeting 95.00. CCI just cross the -100 line up on h1 chart so watch out for potential upside pressure testing 96.70 resistance area. Break above that area should lead us into no trading zone.