The movement of USD/JPY towards 109.3460 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 15 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
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After testing 109.3460 numerous times, USD/JPY is once again approaching this price point. Can we expect a bearish trend to follow?
December 17, 2019 6:15 pm
