USD/JPY Tests 158.000

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The price level of 158.000 for USD/JPY has been reached and will be tested. If a successful breakout occurs, the upside momentum could possibly push the currency rate higher towards 160.000.



However, if the price level of 158.000 is rejected in the near term, a move to the downside towards the price range of 156.800-156.055 is likely. If no support level is found within this range, the probability of further downside movement may increase.
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