The USDJPY made another indecisive movement and a Doji formation on daily chart yesterday. The major bearish scenario remains intact, but we have a triangle formation on 4h chart indicating a consolidation phase. A break from the triangle should give us a clearer direction. The bias is neutral in nearest term. Immediate resistance is seen at 89.90. Initial support at 88.80. CCI in neutral area on daily chart.
USDJPY Daily Supports and Resistances:
* S1= 88.83
* S2= 88.35
* S3= 87.88
* R1= 89.78
* R2= 90.25
* R3= 90.73
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