USD/JPY is heading towards the support line of a Triangle. If this movement continues, we expect the price of USD/JPY to test 105.6400 within the next 16 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 the support line of a Triangle. We expect either a breakout through this line or a rebound.
