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A quick move expected on USD/JPY as it starts approaching a support line of a Channel Down

USD/JPY is heading towards the support line of a Channel Down and could reach this point within the next 23 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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GBP/JPY Target Level: 133.8900

GBP/JPY Target Level: 133.8900

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Breach of support could mean a start of a bearish trend on GER30

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