USDJPY Forecast:

The USDJPY attempted to push lower yesterday, bottomed at 86.33 but closed higher at 86.94. The bias is neutral in nearest term but still in a major bearish scenario. Immediate resistance at 87.22 (yesterday’s high) and the upper line of the minor bearish channel (white channel). Break above that area could trigger further upside momentum testing 88.00/23 region. On the downside, 85.86 remains potential nearest bearish target before testing 84.82.

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