USDJPY is heading towards 148.5270 and could reach this point within the next 6 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 you’re short USDJPY you should be aware of the rapidly approaching level of 148.5270
