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Breach of 147.5140 could mean a start of a bullish trend on USD/JPY

The breakout of USD/JPY through the 147.5140 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/JPY could test 149.4444 within the next 14 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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Important price line being approached by NZD/USD. This price has been tested numerous times before.

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