USD/JPY is heading towards a line of 130.6190. If this movement continues, the price of USD/JPY could test 130.6190 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
USD/JPY is approaching 130.6190. We expect either a breakout through this line, or a rebound.
