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USD/JPY is quickly approaching 109.7060. We expect either a breakout through this line, or a rebound.

USD/JPY is heading towards a line of 109.7060. If this movement continues, we expect the price of USD/JPY to test 109.7060 within the next 3 days. 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.

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Important support line being approached by 3m Co.. This price has been tested numerous time in the last 8 days

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After testing the resistance line numerous times, FRA40 is once again approaching this line. Can we expect a bullish trend to follow?

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