The breakout of USD/JPY through the 151.1290 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/JPY could test 150.6466 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
If you’re long USD/JPY you should be aware that 151.1290 has just been breached – a level tested 4 time in the past
