USDJPY Forecast:

The USDJPY made another indecisive movement yesterday, formed a Doji on daily chart. Price still consolidating in triangle formation. The bias remains neutral in nearest term and we are in no trading zone as direction is unclear so far. Expected range remains at 92.07 – 90.50. We need a break from the triangle to see clearer direction. 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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