Is the Japanese Yen about to have a serious breakout?

U.S. Dollar / Japanese Yen (FX:USDJPY)

Updated

FX:USDJPY U.S. Dollar / Japanese Yen

I usually do not follow moving averages, but I'd be a fool not to pay attention to them when they conform so well with the historic trends.

Comment:

Looks like an upside breakout is developing.

Comment:

BIG TROUBLE IF IT CLOSES AT OR BELOW 119.20 THIS WEEK!!

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