USDJPY Daily Forecast

The USDJPY attempted to push lower on Friday, bottomed at 91.77 but further bearish pressure was limited as the pair closed higher at 92.56. The bias remains neutral in nearest term but I still prefer downside scenario. We seem to have important support around 91.80 area, a double bottom formation as you can see on h4 chart below. Break below that area should trigger further bearish momentum. Immediate resistance at 93.59 (Thursday high).