USD/JPY is heading towards 116.1970 and could reach this point within the next 9 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A final push possible on USD/JPY as it starts approaching a price line of 116.1970.
