GBP/USD has broken through a resistance line of a Triangle and suggests a possible movement to 1.2869 within the next 21 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]

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USD/JPY has broken through the support line of a Triangle. It has touched this line at least twice in the last 12 days. This breakout indicates a potential move to 108.4437 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]

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AUD/USD has broken through the support line which it has tested twice in the past. We have seen it retrace from this position before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target line of around 0.6840 can be expected within the next 3 days. Did […]

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