USDJPY Forecast:

Finally the USDJPY break below the range area, bottomed at 88.34 and closed at 88.50. This fact should trigger further bearish scenario. The bias is bearish in nearest term targeting 88.00. Break below 88.00 area should trigger further bearish momentum towards 87.50. CCI in oversold area and heading up on h4 chart so watch out for potential upside correction testing 88.80 area. Break above that area should lead us into no trading zone as direction would become unclear for me.

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