USDJPY might be forming a cycle bottom at 91.60 level on 4-hour chart. Bounce towards the falling trend line from 94.68 to 93.71 would more likely be seen in a couple of days, a break above the trend line resistance will indicate that the fall from 94.68 has completed at 91.60 already, then another rise towards 94.68 could be seen. Key support is now at 91.60, below this level will suggest that the pair remains in bearish movement, then deeper decline could be seen to 91.00 area.

usdjpy