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Recently, the USD/JPY pair has been trading downwards. The price tested the level of 108.70. Inverted head and shoulders intrarday pattern in the background. I also found the broken intraday supply trendline, which is another sign of strength. My advice is to watch for buying opportunities. The upward target is set at the price of 109.90.
The material has been provided by InstaForex Company - www.instaforex.com