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USD/JPY likely to test 145.1510 in the near future. Where to next?

USD/JPY is heading towards 145.1510 and could reach this point within the next 19 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.

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