ujmandhania

Can the market come down to the point of its breakout?

FX:USDJPY   美元 / 日圓
USDJPY has shot up a good amount of pips; breaking the zone that was previously a support and recently a resistance zone. It has gone past the quarter line to the next one above and looks like it still has room to go up, but will it come back down to respect the zone it left? What if we have a buy limit waiting for it to take us back up to the top of that rectangle box drawn from previous low to the current high?

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