USD/JPY has broken through a resistance line. It has touched this line at least twice in the last 3 days. This breakout may indicate a potential move to 137.2891 within the next 11 hours. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading.
Related Posts
CHFJPY is approaching a support line of a Falling Wedge. It has touched this line numerous times in the last 11 days.
An emerging Falling Wedge has been detected on CHFJPY on the 1 hour chart. There is a possible…
AUDCAD keeps moving closer towards 0.9064. Will it finally breach this level?
AUDCAD is heading towards a line of 0.9064. If this movement continues, the price of AUDCAD could test…
AUDNZD formed a Falling Wedge on the 4 hour chart. Retest of support in sight.
Emerging Falling Wedge pattern in its final wave was identified on the AUDNZD 4 hour chart. After a…