The breakout of USD/JPY through the support line of a Triangle could be a sign of the road ahead. If this breakout persists, we expect the price of USD/JPY to test 108.3446 within the next 17 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
NZDUSD experienced 5 consecutive daily bullish candles to reach a price of 0.6062
After posting 5 consecutive bullish candles in 8 days, you may start considering where NZDUSD is heading next,…
AUDNZD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 10 days.
AUDNZD is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great…
AUDCAD likely to test 0.8903 in the near future. Where to next?
AUDCAD is about to retest a key horizontal support level near 0.8903. It has tested this level 6…