The breakout of USD/JPY through the 115.6350 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USD/JPY could test 116.0341 within the next 20 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout.
Related Posts
Is the extremely large movement on USDCHF a sign of things to come?
USDCHF has experienced an extremely big movement in last 3 days. It may continue the trend, but this…
After testing the resistance line numerous times, AUDNZD is once again approaching this line. Can we expect a bullish trend to follow?
AUDNZD was identified at around 1.08541 having recently rebounded of the support on the 1 hour data interval.…
EURAUD keeps moving closer towards 1.7596. Will it finally breach this level?
EURAUD is en route to a very important line that will be a definite deciding factor of what…