USDJPY is heading towards 143.3505 and could reach this point within the next 21 hours. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
Supports and resistances are primary concepts of technical analysis. GBPCHF is heading for an important price of 1.1138 – read about what this could mean for the future.
GBPCHF is moving towards a resistance line. Because we have seen it retrace from this level in the…
EURUSD moves higher to 1.1609 in the last 6 days.
Due to the rate of consecutive bullish candles on EURUSD Daily chart we could be in for a…
EURAUD is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
The movement of EURAUD towards the resistance line of a Channel Up is yet another test of the…