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Technical Analysis

Big movement possible on USDJPY

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USDJPY has broken through a line of 135.5850 and suggests a possible movement to 137.0097 within the next 2 days. It has tested this line numerous times in the past, so one should wait for confirmation of this breakout before taking any action. If the breakout doesn't confirm, we could see a retracement back to lines seen in the last 7 days.

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