USD/JPY has broken through a support line of a Channel Up chart pattern. If this breakout holds true, we expect the price of USD/JPY to test 108.6432 within the next 23 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Breach of support could mean a start of a bearish trend on USD/JPY
