USDJPY Forecast:

The USDJPY had a significant bearish momentum yesterday, after break below the descending triangle as you can see on my h1 chart below. The bias is bearish in nearest term but we need a break below 88.23 region to continue the bearish pressure towards 87.35 area before testing 84.82 region in longer term. Immediate resistance at 88.70. Break above that area could lead us into neutral zone in nearest term but the main scenario remains to the downside at this phase.

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