USD/JPY has broken through a support line. It has touched this line at least twice in the last 14 days. This breakout may indicate a potential move to 130.8009 within the next 3 days. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
Is the extremely large movement on GBP/USD a sign of things to come?
GBP/USD has experienced an extremely big movement in last 14 hours. It may continue the trend, but this…
If you’re long NZD/USD you should be aware that 0.6258 has just been breached – a level tested 6 time in the past
The breakout of NZD/USD through the 0.6258 price line is a breach of an important psychological price that…
USD/CAD is quickly approaching a very important level it has previously tested numerous times in the past
USD/CAD is heading towards a line of 1.3533. If this movement continues, the price of USD/CAD could test…