USDJPY Forecast:

The USDJPY failed to continue it’s bullish correction yesterday, bottomed at 88.62 and closed at 88.74. On h4 chart below we can see that the bullish pressure fail to keep position above the trendline resistance before fell to the downside. This fact surely keep my bearish outlook intact and the trendline area is the best place to put a short position. CCI in oversold area and heading up on h4 chart suggesting potential upside rebound testing 89.05 and trendline resistance area. Any rejection to move consistently around that resistance area should trigger further bearish continuation at least re-testing 88.22 area. Before aim for 87.10.