USDJPY Daily Forecast: April 03

USDJPY Forecast
The USDJPY had a bearish momentum yesterday bottomed at 105.64. From a daily chart perspective as you can see on my daily chart below price is moving inside a bearish channel suggests a bearish outlook which supported by the fact that price also moving below the EMA 200. The bias is bearish in nearest term testing 105.30 area. Immediate resistance is seen around 106.45. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. Overall I remain neutral.