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 […]
The movement of USD/JPY towards the support line of a Rising Wedge is yet another test of the line it reached numerous times in the past. We expect this line 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 […]
The movement of USD/JPY towards 108.1890 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 6 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
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 […]
A movement of 1.66% over 8 days on USD/JPY doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction. Did you know that our social media feeds are updated only 3x per day, and don’t look at short term movements? […]
USD/JPY is moving towards the support line of a Rising 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 7 days and may test it again within […]
The movement of USD/JPY towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. We expect this line 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 […]
The movement of USD/JPY towards 106.7320 price line is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines. […]
USD/JPY is heading towards the resistance line of a Ascending Triangle and could reach this point within the next 2 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 […]
USD/JPY has broken through a support line of a Triangle chart pattern. If this breakout holds true, we expect the price of USD/JPY to test 105.8333 within the next 12 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing […]
