The breakout of USD/JPY through the resistance line of a Channel Down could be a sign of the road ahead. If this breakout persists, we expect the price of USD/JPY to test 108.6684 within the next 16 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, USD/JPY has finally broken through. Can we expect a bullish trend to follow?
