USDJPY Forecast:

The USDJPY made indecisive movement yesterday. On h4 chart below we can see that price is now struggling around the trendline resistance (blue) area indicating intense battle between buyer and seller around the trendline. Technically I don’t see a convincing bullish view for now as price is not able to move consistently above the trendline yet. So even the bearish momentum start to lose it’s momentum, it’s too early for a bullish view. I am expecting range area between 89.05 – 90.40 area today.