USDJPY Forecast:

The USDJPY was indecisive yesterday. On h1 chart below we can see that price still trapped in 90.50 – 89.00 area. A boring pair which shows no significant direction and momentum. The bias remains neutral in nearest term but still in a bearish context after violated the major trendline support. We need a break below 89.00 area to continue the bearish scenario testing 88.23. Break above 90.50 could lead us into no trading zone as direction would become unclear.

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