The price of USD/JPY in heading in the direction of 143.8127. Despite the recent breakout through 144.5160 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
If you’re long USD/JPY you should be aware that 144.5160 has just been breached – a level tested 5 time in the past
