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Big movement expected on BTCJPY after a breach of the resistance

BTCJPY has broken through a resistance line of a Channel Down and suggests a possible movement to 1017948.8026 within the next 11 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 back to lines seen in the last 2 days.

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Breach of resistance could mean a start of a bullish trend on USD/JPY

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We expect a $430 movement on EURUSD within 4 hours following the event release at 08 Nov 07:00.

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