The breakout of USD/JPY through the support line of a Rising Wedge could be a sign of the road ahead. If this breakout persists, we expect the price of USD/JPY to test 105.7750 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
AUD/USD – breach of price line that’s been previously tested numerous times before
AUD/USD has broken through a resistance line. Because we have seen it retrace from this price in the…
Big movement possible on USD/JPY after a breach of 154.4560
The price of USD/JPY in heading in the direction of 152.0906. Despite the recent breakout through 154.4560 it…
We expect USDCAD to trend upwards for the next 4 hours.
We expect a $343 movement on USDCAD within the next 4 hours. We expect USDCAD to trend upwards…