USDJPY Daily Forecast: March 30

USDJPY Forecast
The USDJPY was corrected lower yesterday bottomed at 106.25 and hit 106.13 earlier today in Asian session. The bias is neutral in nearest term. My H1 chart bullish bias remains valid, but price is moving inside a minor bearish channel as you can see on my H1 chart below suggests a bearish correction testing the trend line support and 105.90 region. A clear break below 105.90 would expose 105.30 and erase the H1 time frame bullish bias. On the upside, we need a clear break above the bearish channel and 106.50 area to resume the bullish phase testing 107.00 or higher. Overall I remain neutral.