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After testing 161.3970 numerous times, USD/JPY is once again approaching this price point. Can we expect a bullish trend to follow?

USD/JPY is about to retest a key horizontal resistance level near 161.3970. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.

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