USDJPY Forecast:

The USDJPY attempted to push higher yesterday but failed to break above 91.80 before whipsawed to the downside and closed lower at 91.00. The way I see it, the bullish correction phase might over now and we are ready for a bearish continuation outlook. The bias is bearish in nearest term re-testing 90.20 area. Immediate resistance at 91.60/80 area. Break above that area should be seen as a potential threat to the current bearish outlook. CCI just cross the -100 line down on h1 chart suggesting potential downside pressure.