USD/CHF has broken through a resistance line. It has touched this line numerous times in the last 5 days. This breakout shows a potential move to 0.9053 within the next 6 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
A possible move on CHFJPY as it heads towards support
CHFJPY is moving towards a support line. Because we have seen it retrace from this line before, we…
GBPJPY is approaching 199.2480. We expect either a breakout through this line, or a rebound.
A strong support level has been identified at 199.2480 on the 1 hour GBPJPY chart. GBPJPY is likely…
Breach of support could mean a start of a bearish trend on AUDJPY
AUDJPY has broken through a support line of a Channel Up chart pattern. If this breakout holds true,…