Cabana Capitals Blog Technical Analysis USDJPY breakout through resistance

USDJPY breakout through resistance

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USDJPY has broken through 156.5630 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, USDJPY may be heading towards 157.7034 within the next 2 days.

Supported by Upward sloping Moving Average

Target: 157.7034 Entry: 156.795 Stop: 156.1393

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