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USD/JPY is quickly approaching 108.3930. We expect either a breakout through this line, or a rebound.

USD/JPY is heading towards a line of 108.3930. If this movement continues, we expect the price of USD/JPY to test 108.3930 within the next 8 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.

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A quick move expected on FRA40 as it starts approaching a resistance line of a Channel Down

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USD/JPY Target Level: 107.8800

USD/JPY Target Level: 107.8800

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