USDJPY Daily Forecast

The USDJPY had a moderate bullish momentum yesterday. On h4 chart below we can see that the pair is struggling around the trendline indicating an intense battle between buyers and sellers around that area. The bias is neutral in nearest term. Immediate support is seen at 95.00/50 area. Initial resistance at 96.70. Expect ranging movement between that area today. CCI just cross the 100 line down on h4 chart suggesting potential downside pressure.