USD/JPY is moving towards a line of 109.8060 which it has tested numerous times in the past. We have seen it retrace from this positions in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If USD/JPY continues in its current trajectory, we can expect it to reach 109.8060 within the next 9 hours.
Related Posts
GBP/USD is currently testing a level of 1.2518. Will the breakout continue or will things reverse?
GBP/USD has broken through a line of 1.2518. If this breakout holds true, we could see the price…
We expect a $150 movement on GBPUSD within the next 4 hours.
Based on past Japan Consumer Confidence news events there is a 75% chance of GBPUSD trending upwards. We…
EUR/USD experienced a very large 18 hours bullish move to 1.0717
EUR/USD hits 1.0717 after a 0.61% move spanning 18 hours.