USD/JPY has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of USD/JPY testing 129.2629 within the next 2 days. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any action.
Related Posts
EURGBP consistently settling in one direction. Will it continue?
After posting 6 consecutive bullish candles in 8 days, you may start considering where EURGBP is heading next,…
AUDJPY – approaching a support line that has been previously tested at least twice in the past
AUDJPY is heading towards the support line of a Triangle. If this movement continues, the price of AUDJPY…
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5001 – read about what this could mean for the future.
A strong resistance level has been identified at 1.5001 on the 1 hour EURCAD chart. EURCAD is likely…