USDJPY has broken through a resistance line of a Triangle and suggests a possible movement to 144.7014 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 10 days.
Supported by Upward sloping Moving Average
Target: 144.7014 Entry: 143.8632 Stop: 142.5345
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