Currently, USD/JPY is trading at 106.87. The pair started a sideways trend on 17 April and now the price is consolidating in the descending triangle wedges. If the price breaks the resistance level at 107.93, then it may touch its resistance zone at 111.00. Although, If price breaks support level at 106.43, then it may touch its support zone at 103.64.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat