USDJPY Forecast:

As I had expected, the USDJPY had a bullish momentum on Friday. Like I said, a double top scenario failure tend to produce a bullish continuation scenario. The bias is bullish but we have to be careful at this phase. As you can see in my daily chart below, 92.50 area is very important and should be a strong resistance area. So I will stop place long position for now until we have a new phase of bullish scenario once we have consistent move above 92.50. Immediate support at 91.80. Break below that area should be seen as potential threat to the bullish scenario and lead us back towards 91.40 area.