USDJPY Forecast:

The USDJPY attempted to push lower yesterday, bottomed at 89.22 but closed higher at 89.58. The bias is neutral in nearest term, but we have a falling wedge formation as you can see on my h4 chart below indicating potential upside pullback especially if price able to break above the formation testing 90.50/80 region. On the downside, we need a break below 89.00 area before testing 88.23 region.

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