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USDJPY likely to test 147.1170 in the near future. Where to next?

USDJPY is moving towards a support line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 6 days and may test it again within the next 20 hours.

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We expect YM to trend upwards for the next 48 hours.

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ASX 200 experienced 4 consecutive daily bullish candles to reach a price of 8807.7000

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