USD/JPY has broken through a line of 108.4940. If this breakout holds true, we expect the price of USD/JPY to test 108.2970 within the next 19 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.
1 minute read
Breach of 108.4940 could mean a start of a bearish trend on USD/JPY
December 9, 2019 10:13 am
