USDJPY Forecast:

The USDJPY made indecisive movement yesterday, formed a Doji on daily chart. On h4 chart below we can see that once again, price made a false breakout above 89.40 area indicating limited bullish and I still prefer a bearish scenario. The bias is neutral in nearest term. Only consistent move above 89.40/50 area should be seen as potential bearish scenario failure and trigger bullish momentum testing 90.50 area. Immediate support at 88.80. Break below that area should confirm the bearish scenario targeting 88.00 area.