The movement of USDJPY towards 158.0850 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Supports and resistances are primary concepts of technical analysis. USDJPY is heading for an important price of 158.0850 – read about what this could mean for the future.
