USDJPY Forecast

The USDJPY had a bullish momentum yesterday, topped at 81.75 but closed lower at 81.34. On my hourly chart below we can see price is moving inside a triangle formation suggests a consolidation phase while at the same time struggling up and down around the trend line resistance. A clear break above the triangle and 81.50 could trigger further bullish momentum testing 82.00/20 while a clear break below the triangle and 80.85 could trigger further downside pressure testing 80.16 and 79.55 support area.

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