USD/JPY has broken through a resistance line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 139.0651 within the next 13 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
USD/CAD – breach of a trending support line that has been tested at least twice before.
Channel Up pattern identified on USD/CAD has broken through a support level with the price momentum continuing to…
Breach of 1.0655 could mean a start of a bullish trend on EUR/USD
EUR/USD has broken through 1.0655 which it has tested numerous times in the past. We have seen it…
After testing 1.2442 numerous times, GBP/USD has finally broken through. Can we expect a bearish trend to follow?
The price of GBP/USD in heading in the direction of 1.2403. Despite the recent breakout through 1.2442 it…