You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 1.3786 but consider reducing the size of your position as the price gets closer to that target.
Related Posts
USDJPY heading towards a price it has tested 5 times in the recent past.
The movement of USDJPY towards 145.4625 price line is yet another test of the line it reached numerous…
Extreme movement experienced on AUDJPY. Check this chart to see what to do next
AUDJPY has moved lower by 1.26% from 95.5745 to 94.3655 in the last 2 days.
Interesting opportunity on EURCHF after breaking 0.9389486923076923
EURCHF has broken through a resistance line. It has touched this line at least twice in the last…