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.
ARTÍCULOS RELACIONADOS
Important support line being approached by AUDNZD. This price has been tested numerous time in the last 7 days
Emerging Falling Wedge detected on AUDNZD – the pattern is an emerging one and has not yet broken…
Supports and resistances are primary concepts of technical analysis. GBPUSD is heading for an important price of 1.3522 – read about what this could mean for the future.
GBPUSD is moving towards a resistance line. Because we have seen it retrace from this level in the…
Because CHFJPY formed a Rising Wedge pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
Emerging Rising Wedge detected on CHFJPY – the pattern is an emerging one and has not yet broken…