USD/JPY has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we may see the price of USD/JPY testing 147.0197 within the next 13 hours. 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
Because AUDUSD formed a Channel Up pattern, we expect it to touch the support line. If it breaks through support it may move much lower
AUDUSD is moving towards a support line which it has tested numerous times in the past. We have…
Will EURUSD break through the support level it tested before?
EURUSD is heading towards 1.1728 and could reach this point within the next 11 hours. It has tested…
GBPJPY formed a Falling Wedge on the 4 hour chart. Retest of support in sight.
The movement of GBPJPY towards the support line of a Falling Wedge is yet another test of the…