The breakout of USD/JPY through the 135.5970 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 137.6285 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Supports and resistances are primary concepts of technical analysis. EURJPY is heading for an important price of 173.0165 – read about what this could mean for the future.
EURJPY is heading towards a line of 173.0165. If this movement continues, the price of EURJPY could test…
Resistance line breached by USDJPY. This price has been tested at least twice before.
Channel Down pattern identified on USDJPY has broken through a resistance level with the price momentum continuing to…
USDCHF formed a Channel Down on the 4 hour chart. Retest of resistance in sight.
A Channel Down pattern was identified on USDCHF at 0.78923, creating an expectation that it may move to…