USD/JPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 150.9661 may materialize within the next 23 hours.
Related Posts
USD/CHF – breach of a trending support line that has been tested at least twice before.
You would be well advised to confirm the breakout that has just occurred – do you believe the…
It’s time to make a decision on USD/CAD – its recent breach of 1.3624 could be a sign of a new trend to follow.
USD/CAD is once again retesting a key horizontal support level at 1.3624. It has tested this level 4…
Breach of 1.0861 could mean a start of a bullish trend on EUR/USD
EUR/USD has broken through 1.0861 which it has tested numerous times in the past. We have seen it…