USDJPY is ranging between 115.30 and 111.60 level since 2nd week of January 2017. On Friday we have seen another test of the resistance at 115.30 level and instantly price was pushed lower. However current price action hint lack of selling interest, as such I am expecting price to breakout of this resistance level and go higher towards next resistance at 117.50. With FOMC interest rate decision next week it could be the driving force for an upside momentum breakout.

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