USDJPY Forecast:

The USDJPY had a limited bullish momentum yesterday, topped at 91.60 but closed lower at 91.25. On h1 chart below we can see that price is now struggling around the lower line of the bullish channel indicating critical intra-day technical view. A clear break below the bullish channel could be seen as waning bullish momentum and could trigger further bearish pressure testing 90.50 – 89.00 support area. On the upside, resistance is seen around 91.80 – 92.20 which is remain technical bullish target as long as the bullish channel hold.

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