USDJPY Forecast:

We had a volatile market yesterday. As you can see in my h4 chart below, we had an intense battle around my new trendline support area (yellow) but it seems like bearish side is in good position now as price able to stay below the trendline (now resistance). The bias is bearish in nearest term but watch out for potential good intermediate support at this phase around 89.40 area. We need a consistent move below that area to confirm bearish scenario targeting 88.80 area. Immediate resistance remains at 90.20/50 area.