The USDJPY had a bearish momentum yesterday and hit 92.73 earlier today. The bias is bearish in nearest term testing 92.50/00 area. Immediate resistance is seen around 93.20 followed by 93.70. Overall I still prefer a bullish scenario and expect the current bearish correction to be short lived.
The RSI 9 periods is also very clear, showing a sign of recovery of the price.
Awaiting confirmation of the break level 50.
USD JPY IN 4H. The support 98.25 was tested 2 times and returned each time the course up. Not invalidate the bullish scenario, seems you in the short term.
USDJPY has broken its trend line and becomes neutral support.
Remember what I said about online trends.
If we break down by a pullback on the highest is quite possible before fall. To be continued.