USD/JPY has broken through a resistance line of a Flag and suggests a possible movement to 108.8439 within the next 15 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 […]
USD/JPY has broken through a support line of a Triangle and suggests a possible movement to 108.3071 within the next 2 days. 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 […]
USD/JPY is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of USD/JPY to test 108.8980 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
USD/JPY is heading towards the support line of a Rising Wedge. If this movement continues, we expect the price of USD/JPY to test 108.1480 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up […]
USD/JPY is moving towards the support line of a Channel Up. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 3 days and may test it again within […]
USD/JPY is moving towards the support line of a Falling Wedge. Because we have seen it retrace from this line before, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 14 days and may test it again within […]
USD/JPY is heading towards the support line of a Falling Wedge and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we […]
The movement of USD/JPY towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 10 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound […]
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 […]
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 […]
