USDJPY Forecast:

The USDJPY still consolidating in range area of 89.60 – 91.07 yesterday. We have no significant technical movement yet. The major bearish scenario remains intact as long as price stay below the major trendline resistance, but the bullish correction also still alive and kicking with potential bullish reversal scenario especially if price breakout above the range area and move above the trendline resistance at least testing 93.75 area. On the downside, break below 89.60 should keep the major bearish scenario intact testing 88.50 region.

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