USD/JPY is heading towards a line of 107.2970. If this movement continues, we expect the price of USD/JPY to test 107.2970 within the next 18 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
USD/JPY is quickly approaching 107.2970. We expect either a breakout through this line, or a rebound.
