Chart of The Day $USDJPY 10-28-2016

On the USDJPY daily chart we can see that the pair reached strong resistance level 105.500. 200 SMA is sitting at 107.250 and if we get a break above 105.500 we could see a test of 200 SMA. If the pair is rejected here then lower broadening wedge border will be in play 103.500 level.

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