USD/JPY broke above the falling trend line on the 4-hour chart, suggesting that the short term downtrend from 114.73 is complete. Another rise to test 114.73 resistance would likely be seen in the coming days. A breakout of this level could trigger further bullish movement towards 115.50. Near term support is at 112.95, below this level could bring to 112.65 area, followed by 111.65.
Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.
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