USD/JPY has broken through a line of 114.8470 and suggests a possible movement to 114.4671 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.
Big movement possible on USD/JPY after a breach of 114.8470
