USD/JPY is moving towards a line of 134.9750 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 USD/JPY continues in its current trajectory, we may see it move towards 134.9750 within the next 14 hours.
Important price line being approached by USD/JPY. This price has been tested numerous times before.
