A possible start of a bearish trend on USDJPY

USDJPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 156.4052 may materialize within the next 2 days.

Past performance is not an indicator of future results.
Losses can exceed deposits.

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