USDJPY Forecast:

The USDJPY attempted to push lower on Friday, bottomed at 85.02 but was traded higher earlier today in Asian session around 85.43 at the time I wrote this comment. The bias is neutral in nearest term but still within the context of a major bearish scenario targeting 84.82 before testing 83.35 (June 1995 low). Immediate resistance at 85.96 and the minor trendline resistance (blue). Break above that area could trigger further upside pullback testing 86.40/50 region.

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