USDJPY Forecast:

The USDJPY made another insignificant movement on Friday. The fact that price still able to move above the bearish channel indicating the bullish correction scenario testing the major trendline resistance remains intact but as you can see on my h4 chart below actually price still trapped in range area of 89.60 – 91.07 area in the last two weeks, made 2 Dojis on weekly chart indicating indecisive market. A break above the trendline resistance could be seen as bearish failure and a potential new bullish phase.