USD/JPY ; H4

usdjpyTDY

 

Current rate – 123.382             S1 – 121.030                     R1 – 123.382

The USD/JPY breakout has stalled at former support (the line that extends off of the early 2015 lows). The rally from the August low also consists of 2 equal waves so it’s possible that the rally is done. Below 121.70 would suggest as much. Until then, respect upside.

 

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