This trade setup on USD/JPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term. Because of the bearish breakout through support, it seems to suggest that we could see the next price move to 156.4052.
ARTÍCULOS RELACIONADOS
A very large move was recorded on AUDCAD. The size of the shift is exceptional.
AUDCAD reached 0.909115 after a 0.94% move spanning 2 days.
EURAUD is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
EURAUD is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great…
Supports and resistances are primary concepts of technical analysis. USDCAD is heading for an important price of 1.3786 – read about what this could mean for the future.
USDCAD is moving towards a line of 1.3786 which it has tested numerous times in the past. We…