USDJPY is moving towards a line of 144.3060 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we may see it move towards 144.3060 within the next 9 hours.
Supported by Downward sloping Moving Average
Target: 144.306 Entry: 145.871 Stop: 146.563
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