USDJPY Forecast:

The USDJPY didn’t make significant movement yesterday. The bias is neutral in nearest term but as you can see on my h4 chart below price is moving inside a descending triangle after violation of the bullish channel indicating potential bearish scenario especially if price break below the triangle targeting 90.50 before testing 89.00 region. On the upside, consistent move above 91.80 could trigger further bullish momentum testing 93.00 area as the descending triangle bearish scenario fails.

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