The breakout of USD/JPY through the 147.5140 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/JPY could test 149.4444 within the next 14 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
NZD/USD has broken through a level it has tested 3 times in the recent past.
NZD/USD has broken through a resistance line. Because we have seen it retrace from this price in the…
Will EUR/USD break through the resistance level it tested before?
EUR/USD is moving towards a key resistance level at 1.1179. EUR/USD has previously tested this level 4 times…
USD/JPY heading towards a price it has tested 3 times in the recent past.
The price of USD/JPY in heading back to the resistance area. It is possible that it will struggle…