USD/JPY is moving towards a line of 129.8250 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/JPY continues in its current trajectory, we may see it move towards 129.8250 within the next 17 hours.
Breach of important price line imminent by USD/JPY
