USDJPY Forecast:

The USDJPY attempted to push lower yesterday but failed to move below my key support level 91.40 and closed higher at 92.23 indicating bullish momentum is still there. However, like I said yesterday, I will keep stay out for now as 92.50 area remains potential strong resistance. Only valid break above that area could lead us to further bullish scenario. Key support level also remains at 91.40. Break below that area should trigger further bearish momentum back towards 90.50 area. CCI in overbought area and heading down on daily chart suggesting potential bullish exhaustion.