USDJPY Forecast:

The USDJPY was indecisive on Friday. On h1 chart below we can see price is moving in triangle area indicating consolidation and neutral bias in nearest term but as long as price stay below 88.23 the downside scenario should remain intact. A break below the triangle could continue the bearish pressure towards 87.00 area before testing 85.86 region. On the upside, break above 88.23 could trigger further upside pullback testing 89.00 area.

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