AUDJPY has broken through a line of 97.8530 and suggests a possible movement to 98.4822 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 12 days.
Related Posts
EURUSD likely to test 1.1296 in the near future. Where to next?
EURUSD is heading towards a line of 1.1296. If this movement continues, the price of EURUSD could test…
After testing 0.6443 numerous times, AUDUSD is once again approaching this price point. Can we expect a bearish trend to follow?
A strong support level has been identified at 0.6443 on the 30 Minutes AUDUSD chart. AUDUSD is likely…
A possible move by EURJPY towards 165.1386
This trade setup on EURJPY is formed by a period of consolidation; a period in which the price…