USD/JPY has broken through a support line of a Descending Triangle chart pattern. If this breakout holds true, we expect the price of USD/JPY to test 108.4991 within the next 5 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.
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Breach of support could mean a start of a bearish trend on USD/JPY
December 6, 2019 10:16 am
