USDJPY has recently broken out of a triangle formation and retested it before breaking further support in the 113.3/4 region.
Possibly may retest that support level and failure to break higher will likely see us fall towards 112.
Possibly may retest that support level and failure to break higher will likely see us fall towards 112.
Note
Well, strong CPI news has caused price to break through the 113.3 region rather than bounce back.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.