USD/JPY has broken through a resistance line. It has touched this line numerous times in the last 4 days. This breakout shows a potential move to 148.0570 within the next 16 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
Related Posts
EURGBP consistently settling in one direction. Will it continue?
After posting 6 consecutive bullish candles in 8 days, you may start considering where EURGBP is heading next,…
AUDJPY – approaching a support line that has been previously tested at least twice in the past
AUDJPY is heading towards the support line of a Triangle. If this movement continues, the price of AUDJPY…
Supports and resistances are primary concepts of technical analysis. EURCAD is heading for an important price of 1.5001 – read about what this could mean for the future.
A strong resistance level has been identified at 1.5001 on the 1 hour EURCAD chart. EURCAD is likely…