USDJPY Daily Forecast: April 02

USDJPY Forecast
The USDJPY had a bullish momentum last week topped at 107.00 but corrected lower and close at 106.26 on Friday. The bias is neutral in nearest term. Price slipped above the minor bearish channel as you can see on my H1 chart below suggests a potential end to the bearish correction phase especially if price able to break above 106.50 retesting 107.00 or higher. Immediate support is seen around 105.90. A clear break below that area would erase the H1 chart bullish bias testing 105.30 or lower. Overall I remain neutral.