Important price line breached by USD/JPY. This price has been tested numerous times before.

USD/JPY has broken through a line of 104.8910 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 104.7295 can be expected within the next 12 hours.