USDJPY Forecast:

The USDJPY didn’t make significant movement yesterday. Price seems to be trapped in range area of 92.07 – 90.83 in nearest term. The bias remains neutral as price still move inside the triangle indicating consolidation. Aggressive traders may short around the upper line of the triangle or long around the lower line with tight stop loss. Break above the triangle could trigger further upside momentum at least testing 93.00/50 area while break below the triangle could trigger further bearish pressure testing 89.00 region.

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