USDJPY Forecast:

The USDJPY had a significant bullish momentum yesterday. As you can see in my h4 chart below, price break above my minor trendline resistance (yellow, now become support), slipped above major resistance (red) but also failed to stay above that trendline so far. I think this will be a battle between those trendlines. Very interesting. So far, I still on the bearish side since my focus is more at the major trendline resistance which remains hold and false breakout strategy looks good for me right now especially if we have another break below the trendline support (former resistance, yellow) with 88.80 area remains potential downside target. Immediate resistance at 90.60. Break above that area should be seen as potential bearish failure and could be the beginning of bullish view.