USD/JPY has broken through a resistance line of a Pennant chart pattern. If this breakout holds true, we may see the price of USD/JPY testing 136.9324 within the next 6 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.
Related Posts
A possible move on EURCHF as it heads towards resistance
Emerging Channel Up detected on EURCHF – the pattern is an emerging one and has not yet broken…
Important price line being approached by EURAUD. This price has been tested numerous times before.
EURAUD is en route to a very important line that will be a definite deciding factor of what…
A Triangle has formed, EURUSD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
EURUSD is moving towards a support line which it has tested numerous times in the past. We have…