Wednesday Market Analysis: USD/JPY

Hello traders,

let’s hit them charts:

1. USD/JPY

Finally the the resistance zone that kept buyers at bay for a little over two weeks is finally broken.

While 148.785 is our next possible resistance level, we should also be mindful of the high impact news on the USD, scheduled for 7 pm today.

This means, if you are joining the buyers, ensure you are out before news release

What say you?

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