USDJPY Daily Forecast: February 26

USDJPY Forecast

The USDJPY had a huge movement yesterday. Price attempted to push lower, bottomed at 90.87, closed higher at 92.35. The bias is bearish in nearest term testing 90.20. I still prefer a bullish scenario but price is in consolidation phase now. Immediate resistance is seen around 92.70 – 93.00 which needs to be clearly broken to the upside to keep the bullish scenario remains strong.