USDJPY Forecast
The USDJPY had another indecisive movement yesterday but overall still able to maintain its bearish bias after touched the upper line of the bullish channel and now slipped below the bullish channel as you can see on my H1 chart below.  The bias is bearish in nearest term testing 101.15. A clear break and daily close below that area would expose 100.00 – 99.50 area. Immediate resistance is seen around 102.00. A clear break above that area could lead price to neutral zone in nearest term testing 102.50 or higher. Fundamental focus today will be on the BOJ press conference and FOMC statement. Overall I remain bearish.


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