USD/JPY has broken through a line of 151.8410 and suggests a possible movement to 152.1229 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Related Posts
Supports and resistances are primary concepts of technical analysis. GBP/USD is heading for an important price of 1.2894 – read about what this could mean for the future.
GBP/USD is moving towards a resistance line. Because we have seen it retrace from this level in the…
Supports and resistances are primary concepts of technical analysis. USD/CAD is heading for an important price of 1.3781 – read about what this could mean for the future.
The movement of USD/CAD towards 1.3781 price line is yet another test of the line it reached numerous…
Interesting opportunity on NZD/USD after breaking 0.5899725
NZD/USD has broken through the resistance line which it has tested twice in the past. We have seen…