Looking at the 4h chart, we can see that USD/JPY is very close to its key level of resistance, at around 107. A strong push above it could lead the pair towards the 108 mark. Looking at our oscillators, the is above 50 and pointing upwards, which is a sign for the pair. The indicator is above 0 and it seems that it is trying to pick up pace again for a move up.
On the downside, a move back below the downwards moving , could take the pair back down to 105.550, where a break could open the path towards the round number of 105.
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