USD/JPY is quickly approaching 108.7410. We expect either a breakout through this line, or a rebound.

USD/JPY is heading towards a line of 108.7410. If this movement continues, we expect the price of USD/JPY to test 108.7410 within the next 14 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.