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Breach of 133.4350 could mean a start of a bullish trend on USD/JPY

USD/JPY has broken through a line of 133.4350. If this breakout holds true, we could see the price of USD/JPY heading towards 134.7420 within the next 11 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.

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We expect NIY to trend downwards with a 66.67% chance.

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