USD/JPY has broken through the resistance line of a Pennant technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 7 days and suggests a possible target level to be around 115.4951 within the next 10 hours.
USD/JPY – breach of a trending resistance line that has been tested at least twice before.
