USD/JPY is heading towards a line of 131.6530. If this movement continues, the price of USD/JPY could test 131.6530 within the next 9 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.
USD/JPY is approaching 131.6530. We expect either a breakout through this line, or a rebound.
