USDJPY Forecast:

The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term but the main scenario remains to the downside. On h1 chart below we have a descending triangle formation which is a bearish pattern especially if price break below the triangle targeting 85.86 area. On the upside, immediate resistance remains at 88.23. Break above that area and violation to the upside of the triangle could trigger further bullish momentum testing 89.00 region.

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