USDJPY Forecast:

The USDJPY had a significant movement yesterday. On h1 chart below we can see price had a bearish momentum after breakdown below the major trendline support, bottomed at 89.00 but traded higher around 89.90 at the time I wrote this comment. This fact confirms the bearish scenario at least targeting 88.23 region. However price already in oversold area so watch out for potential upside correction testing 90.50/80 region. Another movement back above the major trendline support should lead us into no trading zone as direction would become unclear.

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