USDJPY Daily Forecast
The USDJPY had a significant bullish momentum yesterday, topped at 95.28 and closed at 95.01. For me, this fact is a violation of my bearish medium term. The bias is bullish in nearest term. However we seem to have good resistance around 95.30 area. In my opinion, only a clear break above that area should trigger further bullish momentum and give us a buy signal targeting 96.05. CCI in overbought area and heading down so watch out for a potential downside rebound testing 94.60. Break below that area should lead us into no trading zone.