USD/JPY has broken through the resistance line of a Channel Down technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 6 days and suggests a possible target level to be around 114.5414 within the next 2 days.
Related Posts
A final push possible on NZD/USD as it starts approaching a price line of 0.6082.
NZD/USD is approaching a resistance line at 0.6082. If it hits the resistance line, it may break through…
We expect GBPUSD to trend upwards right now.
Based on the last 12 JOLTs Job Openings events in United States, we could see a $1950 movement…
GBP/USD is approaching 1.2658. We expect either a breakout through this line, or a rebound.
GBP/USD is moving towards a resistance line. Because we have seen it retrace from this level in the…