USD/JPY has broken through a resistance line of a Triangle chart pattern. If this breakout holds true, we expect the price of USD/JPY to test 108.7579 within the next 9 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
Related Posts
After testing the resistance line numerous times, EURGBP is once again approaching this line. Can we expect a bullish trend to follow?
Emerging Flag pattern in its final wave was identified on the EURGBP Daily chart. After a strong bullish…
Important price line being approached by EURCHF. This price has been tested numerous times before.
EURCHF is heading towards 0.9412 and could reach this point within the next 11 hours. It has tested…
Because USDJPY formed a Channel Down pattern, we expect it to touch the support line. If it breaks through support it may move much lower
USDJPY was identified at around 146.8725 having recently rebounded of the resistance on the 4 hour data interval.…