USDJPY Forecast:

The USDJPY failed to continue its bullish correction yesterday and now back below 87.00. The bias is bearish in nearest term testing 85.86 before targeting 84.82 area in long term. On the upside, another movement above 87.00 could lead us into no trading zone in nearest term as direction is unclear testing 87.50 – 88.23 resistance area but overall the major scenario remains to the downside.

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