USDJPY Daily Forecast: March 27

USDJPY Forecast
The USDJPY failed to continue its bearish momentum yesterday and now moving back inside the descending triangle formation as you can see on my daily chart below. This fact invalidates the descending triangle scenario. The bias is bullish in nearest term testing 106.05 region. Immediate support is seen around 105.37 (current low). A clear break below that area could lead price to neutral zone in nearest term testing 104.62 region. Overall I remain neutral.