USD/JPY is heading towards a line of 108.3930. If this movement continues, we expect the price of USD/JPY to test 108.3930 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
Related Posts
AUDNZD is approaching a support line of a Channel Down. It has touched this line numerous times in the last 10 days.
AUDNZD is trapped in a Channel Down formation, implying that a breakout is Imminent. This is a great…
AUDCAD likely to test 0.8903 in the near future. Where to next?
AUDCAD is about to retest a key horizontal support level near 0.8903. It has tested this level 6…
Rare set of bearish consecutive candles on the USDCHF Daily chart. Can we expect a turn-around?
USDCHF has moved lower after 6 consecutive daily candles from 0.8180 to 0.7983 in the last 9 days.