USD/JPY has broken through a line of 151.8410 and suggests a possible movement to 152.1229 within the next 2 days. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 8 days.
Related Posts
We expect a $150 movement on GBPUSD within the next 4 hours.
Based on past Japan Consumer Confidence news events there is a 75% chance of GBPUSD trending upwards. We…
EUR/USD experienced a very large 18 hours bullish move to 1.0717
EUR/USD hits 1.0717 after a 0.61% move spanning 18 hours.
We expect AUDUSD to trend upwards for the next 12 hours.
Based on the last 12 Balance of Trade events in Australia, we could see a $360 movement on…