USDJPY Daily Forecast: March 26

USDJPY Forecast
The USDJPY had a significant bearish momentum last week, broke below the descending triangle formation as you can see on my daily chart below. The bias is bearish in nearest term testing 104.25 area. Immediate resistance is seen around 105.50. A clear break back above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break and daily close below 104.25 could trigger further bearish scenario testing 102.50 region.