The movement of USDJPY towards 148.9320 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
Related Posts
A Channel Up has formed, NZDUSD is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Channel Up pattern in its final wave was identified on the NZDUSD 4 hour chart. After a…
AUDJPY is signaling a possible trend reversal on the intraday charts with price not breaching support.
AUDJPY is moving towards a resistance line which it has tested numerous times in the past. We have…
USDJPY – breach of price line that’s been previously tested numerous times before
A strong resistance level has been breached at 147.4710 on the 30 Minutes USDJPY chart. Technical Analysis theory…