USDJPY Forecast

The USDJPY continue its upside pressure after break above 88.23 area. The bias is bullish in nearest term testing the trendline resistance, 89.50 even 90.50 area but note that overall we are still in a major bearish scenario. On the downside, only a movement below 88.23 could be a serious threat to the upside correction scenario and resume the major bearish scenario testing 87.00 area.

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