The USDJPY had a bearish momentum yesterday, bottomed at 93.52 but still unable to move consistently below 94.00 so far. The bias is bearish in nearest term especially if price able to make a clear movement below 94.00 testing 93.00 region. Overall I still prefer a bullish scenario with buy on dips strategy. Immediate resistance is seen around 94.50. A clear break above that area could lead price to neutral zone in nearest term testing 95.00 which need to be broken to the upside to keep the bullish scenario remains strong testing 96.00.
Hi gregscript
,
In Daily, prices have gone through the cloud, putting the pair downtrend.
However, although the Lagging Span has broken his Kijun, it is not yet come to pass the low cloud, final confirmation of this new trend develops.
