USD/JPY has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we may see the price of USD/JPY testing 147.0197 within the next 13 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.
Breach of resistance could mean a start of a bullish trend on USD/JPY
