USDJPY Forecast:

The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term but still within a major bearish scenario. Immediate resistance at 86.87. Break above that area could trigger further upside recovery testing 87.50 and the trendline resistance area but I still prefer short on rallies strategy at this phase. Initial support at 85.96. Break below that area could continue the bearish pressure testing 84.82 region.

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