USD/JPY has broken through a resistance line of a Inverse Head and Shoulders and suggests a possible movement to 148.8427 within the next 13 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 3 days.
USD/JPY – breach of a trending resistance line that has been tested at least twice before.
