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USD/JPY - Third Times A Charm For A Break of 103.40?

The USD/JPY is at it again, coming close to testing its resistance level at 103.40.

  • If the pair can break-out through that resistance level, we could use the width of the recent range (101.60 to 103.40, which amounts to 180 pips) as a projection for the next up-swing, which would put the upside target near 103.40 + 180 pips = 105.20.