USD/JPY Continuing To Hold Trendline

The trendline we discussed on the USD/JPY pair continues to hold, supporting the pair late yesterday during Asian trading. Looking at the chart below, we see a break of the highs at approximately 95.80 could lead to the top of the trendline above the  handle, whereas a break lower should be held by the 4-200hr moving average, trendline support and 61.8% retracement of the July move.

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