Big movement expected on USDJPY
USDJPY has broken through a line of 109.8310 and suggests a possible movement to 110.1225 within the next 2 days. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 10 days.
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