USD/JPY has broken through a support line. It has touched this line at least twice in the last 4 days. This breakout may indicate a potential move to 146.0692 within the next 9 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
Important price line breached by USDCAD. This price has been tested numerous times before.
USDCAD has broken through a support line. Because we have seen it retrace from this price in the…
EURJPY is quickly approaching the resistance line of a Channel Up. We expect either a breakout through this line or a rebound.
Emerging Channel Up detected on EURJPY – the pattern is an emerging one and has not yet broken…
GBPCHF likely to test 1.1041 in the near future. Where to next?
GBPCHF is moving towards a line of 1.1041 which it has tested numerous times in the past. We…