After breakout to the upside from triangle formation yesterday, the USDJPY had a nice bullish momentum. The pair topped at 92.23 and closed at 91.11. On 4h chart below we can see that the price is now testing the trend line resistance but at the same time CCI in overbought area and heading down suggesting a potential downside pullback. The bias is bullish in nearest term but neutral in longer term. Immediate support is seen at 90.35. Initial resistance at 91.50 followed by 92.23 (yesterday's high).
USDJPY Daily Supports and Resistances:
* S1= 89.47
* S2= 87.83
* S3= 86.45
* R1= 92.49
* R2= 93.87
* R3= 95.51
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