USD/JPY 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 107.6053 can be expected within the next 16 hours. Did […]

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USD/JPY has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 16 days. This breakout indicates a potential move to 106.9250 within the next 3 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of […]

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USD/JPY has broken through the support line of a Rising Wedge technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 13 days and suggests a target line to be around […]

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