Important price line being approached by USD/JPY. This price has been tested numerous times before.

USD/JPY is moving towards a line of 109.4130 which it has tested numerous times in the past. We have seen it retrace from this positions 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 can expect it to reach 109.4130 within the next 6 hours.