USD/JPY has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 19 hours and suggests a possible target level to be around 130.1950 within the next 5 hours.
Related Posts
We expect a 128 pip movement on GBPUSD for the next 12 hours.
We expect a $1280 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards…
USD/JPY seems to be on its way to support – a possible opportunity?
USD/JPY is moving towards a key support level at 160.7210. This is a previously tested level for USD/JPY.…
USD/JPY seems to be on its way to support – a possible opportunity?
USD/JPY is approaching a support line at 160.8370. If it hits the support line, it may break through…