BTCJPY is heading towards 1.2252E+07 and could reach this point within the next 14 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.
If BTCJPY touches 1.2252E+07 it may be time to take action.
