Currently, USD/JPY is trading 107.26. The pair may start a new up trend if it breaks the resistance level at 107.49. Previously, the pair was trading in a down trading while moving in an lower-low lower-high pattern. If the pair breaks the resistance level and starts a new up trend, then its first target will be at 108.87 and the second target will be at 109.73.
Follow a proper risk management strategy to avoid unnecessary losses and to increase profitability.
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