USDJPY Forecast:

The USDJPY had a volatile but indecisive market yesterday. As you can see on my h4 chart below the bullish channel has been violated to the downside indicating bullish failure and price retreat to the upside, found resistance around the lower line of the bullish channel. The bias is neutral in nearest term and I think I will stay out from the market for now. I am expecting range market between 90.10 – 91.50 at this phase. Break on either side from the range area should give us a clearer direction.