Sasha Singh
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USDJPY : Awaiting a Breakout

The pair USDJPY seems like consolidating within the trend lines seen on the chart. It is currently testing the resistance trend line and might move back from this level. The pair may continue this trend until it will reach the apex. Breakout from any of the trend lines will confirm the pair movement in the direction of breakout. From the stochastic oscillator also it seems like the signal trend line is about to cross the average trend line which will confirm the downward movement of the pair.