USDJPY Forecast:

The USDJPY was able to maintain its bearish bias on Friday. On h1 chart below we can see that price is moving inside a descending triangle formation indicating bearish view especially if price able to move consistently move below 89.20/00 region targeting 88.23 before testing 84.82 region in longer term. This bearish outlook can only be canceled by a movement above the descending triangle, testing 90.50 region.

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