Breakout on USD/JPY with Support tested 3 times and a Swing Low.

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

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The chart shows a possible breakout on USD/JPY, clearly stated by the short volume the market has, and three levels of support being tested 3 times in the past. Just remembering, the more times a key level has been tested in the past, the more accurate it can be.

Price has also reached a Swing Low, which shows more evidence of a future strong and definitive trend.

I believe the market will give us a start of a new and fresh trend with these levels of "cheap" - stated as Support from some traders.

Comment:

The short volume the market current has may indicate that traders are indefinite if whether the price will continue on this downtrend.*

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