Cabana Capitals Blog Technical Analysis Should we expect a breakout or a rebound on USDJPY?

Should we expect a breakout or a rebound on USDJPY?

Should we expect a breakout or a rebound on USDJPY? post thumbnail image

A strong resistance level has been identified at 155.0700 on the 1 hour USDJPY chart. USDJPY is likely to test it soon.

Supported by Upward sloping Moving Average

Target: 155.07 Entry: 154.541 Stop: 154.1682

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