USD/JPY is heading towards a line of 106.4310. If this movement continues, we expect the price of USD/JPY to test 106.4310 within the next 10 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 just like it did in the past.
USD/JPY is quickly approaching 106.4310. We expect either a breakout through this line, or a rebound.
