USD/JPY has broken through a support line of a Channel Up and suggests a possible movement to 133.1030 within the next 15 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.
Related Posts
GBP/USD experienced a very large 12 days bearish move to 1.31231
A movement of 2.14% over 12 days on GBP/USD doesn’t go unnoticed. You may start considering where it’s…
USD/JPY – It’s perhaps in these huge moves where the greatest opportunity lies
USD/JPY experienced an extremely large move that lasted 3. This movement is in the 95.0 percentile and is…
Could a large bullish move on USD/JPY be a sign of things to come?
Those of you that are trend followers are probably eagerly watching USD/JPY to see if its latest 1.69%…