USDJPY Daily Forecast

The USDJPY continued it’s bearish momentum yesterday. On h4 chart below we can see that the trendline support has been violated to the downside suggesting bearish outlook. The bias is bearish in nearest term targeting 94.50 and 93.80 area. CCI in oversold area and heading up on h4 chart so watch out for potential upside rebound testing 95.75 area. Break above that area should lead us into no trading zone.