USDJPY Forecast:

My technical strategy worked perfectly yesterday. On h4 chart below we can see that price was moving lower after a rejection to move above the trendline resistance area. I am expecting further bearish continuation today. The bias is bearish in nearest term targeting 88.50 area. Immediate resistance at 89.80 area. Break above that area should lead us into no trading zone and testing 90.40 area but long position is not recommended.