USDJPY Forecast:

The USDJPY slipped below the descending triangle yesterday, but unable to move below 89.00 support area and now back inside the triangle. The bias is neutral in nearest term. We need a consistent movement below the triangle and 89.00 area to see further bearish pressure targeting 88.23. On the other hand, a movement above the triangle could lead us into neutral zone in nearest term testing 90.50 resistance area.

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