The price of USD/JPY in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
GBPUSD – approaching a resistance line that has been previously tested at least twice in the past
GBPUSD was identified at around 1.348505 having recently rebounded of the support on the 1 hour data interval.…
Supports and resistances are primary concepts of technical analysis. NZDUSD is heading for an important price of 0.5861 – read about what this could mean for the future.
NZDUSD is about to retest a key horizontal support level near 0.5861. It has tested this level 4…
A Triangle has formed, CHFJPY is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Triangle detected on CHFJPY – the pattern is an emerging one and has not yet broken through…