USDJPY is once again retesting a key horizontal support level at 141.6130. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Supported by Downward sloping Moving Average
Target: 140.0275 Entry: 140.7625 Stop: 141.6275
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