USDJPY Forecast:

The USDJPY had a bearish momentum yesterday. The major bullish scenario remains intact but the bias remains unclear in nearest term. On h4 chart below we can see price formed a top around 94.98 area indicating potential downside pressure testing the lower line of the bullish channel and 93.00 area. Immediate resistance at 94.50. Break above that area could trigger further bullish pressure testing 94.98 area.

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