The price of USD/JPY in heading back to the support area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
Related Posts
EURAUD – It’s perhaps in these huge moves where the greatest opportunity lies
EURAUD experienced an extremely large move that lasted 2. This movement is in the 3.0 percentile and is…
GBPUSD is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.
An emerging Falling Wedge has been detected on GBPUSD on the 1 hour chart. There is a possible…
EURCHF – approaching a price line that has been previously tested numerous times in the past
EURCHF is moving towards a key support level at 0.9517. This is a previously tested level for EURCHF.…