BTCJPY is moving towards a line of 1.3996E+07 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BTCJPY continues in its current trajectory, we may see it move towards 1.3996E+07 within the next 16 hours.
BTCJPY – approaching a price line that has been previously tested numerous times in the past
