USDJPY Forecast:

The USDJPY was volatile but indecisive (again) yesterday. On h4 chart below we can see that price is struggling around the upper line of the bearish channel but can not really convincingly move above the channel. While the major bearish scenario remains intact as long as price still move below the major trendline resistance, the bullish scenario is still alive and kicking especially if price manage to break above 91.50 area, take us into a new bullish phase. Immediate support at 90.00 followed by 89.50.