USD/JPY has broken through a support line. It has touched this line at least twice in the last 2 days. This breakout may indicate a potential move to 148.0854 within the next 6 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
An unexpected large move has occurred on USDCAD 1 hour chart! Is this a sign of something new? What can we expect?
USDCAD has moved lower by 0.48% from 1.44591 to 1.43897 in the last 3 days.
If you’re long USDCHF you should be aware of the rapidly approaching level of 0.9037
USDCHF is heading towards 0.9037 and could reach this point within the next 19 hours. It has tested…
An unexpected large move has occurred on USDCHF Daily chart! Is this a sign of something new? What can we expect?
USDCHF hits 0.91207 after a 3.81% move spanning 29 days.