Breach of important price line imminent by USDJPY

USDJPY is moving towards a line of 114.2180 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USDJPY continues in its current trajectory, we may see it move towards 114.2180 within the next 2 days.

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