USD/JPY is heading towards a line of 108.9480. If this movement continues, we expect the price of USD/JPY to test 108.9480 within the next 6 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
USD/JPY is quickly approaching 108.9480. We expect either a breakout through this line, or a rebound.
