USDJPY Forecast:

The USDJPY has been moving in a high volatile market without clear direction since Thursday. Price so far able to move above the major trendline support indicating the major bullish scenario remains intact but I think we are in no trading zone now. Personally I tend to avoid a high volatile and unclear market. Immediate resistance at 93.75. Break above that area could trigger further bullish momentum testing 94.70. Initial support at 91.71 (current low). Break below that area could trigger further bearish pressure testing the major trendline support once again.

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