USD/JPY has broken through the resistance line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 147.3306 may materialize within the next 6 hours.
Related Posts
After testing 1.7962 numerous times, EURAUD is once again approaching this price point. Can we expect a bullish trend to follow?
A strong resistance level has been identified at 1.7962 on the 4 hour EURAUD chart. EURAUD is likely…
Bulls aim for 0.6525 after the AUDUSD triggered a bearish formation on the 4 hour chart
AUDUSD has broken through a support line of a Channel Up chart pattern. If this breakout holds true,…
USDJPY heading towards a price it has tested 4 times in the recent past.
The movement of USDJPY towards 148.9320 price line is yet another test of the line it reached numerous…