USDJPY Daily Forecast

The USDJPY had a big bearish movement yesterday. The pair moved more than 300 pips, bottomed at 91.79 and closed at 92.70. On h4 below we can see that after break below 94.60 we had a strong downside momentum. The bias remains bearish in nearest term testing 90.90 area. However CCI just cross the -100 line up on h1 chart so watch out for a potential upside rebound testing 93.25 resistance area. Break above that area should lead us into no trading zone.