USD/JPY heading towards a price it has tested 3 times in the recent past.

A potential bullish movement on USD/JPY
USD/JPY is moving towards a line of 161.3970 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/JPY continues in its current trajectory, we may see it move towards 161.3970 within the next 2 days.

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