USD/CHF has broken through a line of 0.8471 and suggests a possible movement to 0.8422 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 13 days.
Related Posts
GBPJPY is approaching 199.2480. We expect either a breakout through this line, or a rebound.
A strong support level has been identified at 199.2480 on the 1 hour GBPJPY chart. GBPJPY is likely…
Breach of support could mean a start of a bearish trend on AUDJPY
AUDJPY has broken through a support line of a Channel Up chart pattern. If this breakout holds true,…
USDJPY has broken through a support line. It has touched this line numerous times in the last 7 days.
A strong support level has been breached at 147.2330 on the 1 hour USDJPY chart. Technical Analysis theory…