Cabana Capitals Blog Technical Analysis USDJPY breakout through resistance

USDJPY breakout through resistance

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USDJPY has broken through a line of 146.6320. If this breakout holds true, we could see the price of USDJPY heading towards 148.5193 within the next 10 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.

Supported by Upward sloping Moving Average

Target: 148.5193 Entry: 147.073 Stop: 144.9877

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