USD/JPY has broken through a line of 107.8640 which it has tested numerous times in the past. We have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 110.4862 can be expected within the next 2 days.
Related Posts
Trade of the Day: GBP/CAD
GBP/CAD recently broke the key 30-minute resistance level 1.6152, which was recently identified by Autochartist. Autochartist rates the significance of this resistance level at the 3-bar level – which is the result of the three previous reversals from this price level. GBP/CAD is expected to rise further toward the forecast price 1.6258. As can be…
Trade of the Day: EUR/CAD
EUR/CAD continues to fall toward the key support level 1.4491, which was previously identified by Autochartist. Autochartist rates the Significance of this support level at the 5-bar level – which is the result of the five previous reversals from this price level. EUR/CAD is expected to continue to fall toward the support level 1.4491. As…
New Valuation: Starbucks Corporation (SBUX)
Starbucks Corporation (NASDAQ:SBUX) over-valued by 13% Website https://www.starbucks.com Sector Consumer Discretionary Industry Hotels, Restaurants & Leisure Fiscal Year…