USDJPY Forecast

The USDJPY had a bullish momentum yesterday. On h4 chart below we can see that the trendline support did a good job preventing further bearish attack. We have something interesting here, a battle between the trendline support and a triple top formation. A breakdown below trendline support should set a bearish view towards 92.70 while breakout from the triple top around 95.30/40 should trigger further bullish scenario towards 96.05 and 97.00. I prefer a bearish scenario since the long term trend is bearish, but breakout from the triple top should be seen as bearish failure and potential bullish outlook.