You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 142.8307 but consider reducing the size of your position as the price gets closer to that target.
USD/JPY has broken through resistance of a Channel Down. It has touched this line at least twice in the last 9 days.
