Currently, USD/JPY is trading at 107.66. The pair is consolidating in the resistance and support wedges. If it breaks the resistance level at 108.00, the pair may start a new up trend and its target price will be at 109.00. If it breaks the support level at 107.44, the pair may enter into a down trend and its target price will be at 106.31.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat