USD/JPY has broken through a support line. It has touched this line at least twice in the last 15 hours. This breakout may indicate a potential move to 150.1307 within the next 5 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
EURCHF is approaching a resistance line of a Rising Wedge. It has touched this line numerous times in the last 11 days.
A Rising Wedge pattern was identified on EURCHF at 0.94546, creating an expectation that it may move to…
After testing 97.8970 numerous times, AUDJPY has finally broken through. Can we expect a bullish trend to follow?
AUDJPY has broken through 97.8970 which it has tested numerous times in the past. We have seen it…
AUDCAD is approaching a resistance line of a Channel Up. It has touched this line numerous times in the last 8 days.
AUDCAD is trapped in a Channel Up formation, implying that a breakout is Imminent. This is a great…