USD/JPY is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within the next 13 hours.
Related Posts
After trying numerous times in the past, USD/JPY finally breaks 154.9650!
A strong support level has been breached at 154.9650 on the 4 hour USD/JPY chart. Technical Analysis theory…
Extreme movement experienced on AUD/USD. Check this chart to see what to do next
Those of you that are trend followers are probably eagerly watching AUD/USD to see if its latest 1.43%…
There is a 75% chance of AUDUSD trending downwards
Based on the last 12 GDP Growth Rate QoQ Prel events in Japan, we expect a $180 movement…