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USD/JPY – breach of price line thats been previously tested numerous times before

USD/JPY has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 14 days and suggests a possible target level to be around 116.2896 within the next 3 days.

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Important price line being approached by Microsoft Corporation. This price has been tested numerous times before.

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