USD/JPY is about to retest a key horizontal resistance level near 161.3970. It has tested this level 3 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
Related Posts
USD/CAD moves higher to 1.3562 in the last 4 hours.
Those of you that are trend followers are probably eagerly watching USD/CAD to see if its latest 0.55%…
USD/CHF likely to test 0.8511 in the near future. Where to next?
USD/CHF is about to retest a key horizontal resistance level near 0.8511. It has tested this level 4…
USD/JPY has broken through resistance of a Channel Down. It has touched this line at least twice in the last 21 hours.
You would be well advised to confirm the breakout that has just occurred – do you believe the…