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BTCJPY has broken out from the Rising Wedge pattern. Expect it to hit 1.5857E+07 soon.

BTCJPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.5857E+07 may materialize within the next 23 hours.

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