Breach of support line imminent by USDJPY
USDJPY is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If USDJPY continues in its current trajectory, we can expect it to reach 104.2230 within the next 2 days.
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