USD/JPY has broken through the support line of a Support. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 21 days and suggests a target line to be around 107.0533 within the next 3 days.
Related Posts
Supports and resistances are primary concepts of technical analysis. EURCHF is heading for an important price of 0.9437 – read about what this could mean for the future.
EURCHF is approaching a support line at 0.9437. If it hits the support line, it may break through…
AUDCAD is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
AUDCAD is heading towards the support line of a Channel Down and could reach this point within the…
USDCHF is quickly approaching a very important level it has previously tested numerous times in the past
USDCHF is about to retest a key horizontal support level near 0.9054. It has tested this level 5…