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 14 hours.
Related Posts
Supports and resistances are primary concepts of technical analysis. USD/CHF is heading for an important price of 0.8519 – read about what this could mean for the future.
USD/CHF is en route to a very important line that will be a definite deciding factor of what…
If USD/CAD touches 1.3463 it may be time to take action.
The price of USD/CAD in heading back to the support area. It is possible that it will struggle…
NZD/USD seems to be on its way to support – a possible opportunity?
NZD/USD is en route to a very important line that will be a definite deciding factor of what…