USD/JPY has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 136.4623 may materialize within the next 11 hours.
Related Posts
EURAUD keeps moving closer towards 1.7596. Will it finally breach this level?
EURAUD is en route to a very important line that will be a definite deciding factor of what…
If you’re short GBPCHF you should be aware that 1.1024 has just been breached – a level tested 5 time in the past
A strong resistance level has been breached at 1.1024 on the 15 Minutes GBPCHF chart. Technical Analysis theory…
EURCHF formed a Triangle on the 4 hour chart. Retest of resistance in sight.
EURCHF is heading towards the resistance line of a Triangle. If this movement continues, the price of EURCHF…