Past performance is not an indicator of future results.
USDJPY is moving towards the resistance line of a Channel Down 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 106.1950 within the next 13 hours.
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