The movement of USD/JPY towards 106.9500 price line is yet another test of the line it reached numerous times in the past. We expect this line 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.
After testing 106.9500 numerous times, USD/JPY is once again approaching this price point. Can we expect a bearish trend to follow?
