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USD/JPY breakout on the monthly chart signals a possible retracement from 81.4 to 87.0 in a few months.

Good day traders! The chart below shows us that pair has succeeded in breaking through its down trend line on the monthly chart. It may signal further upside to the 87 region which happens to be the 23.6% Fibonacci retracement. If you are thinking of taking a longer term trade with a good profit loss