GBPJPY has broken through a resistance line of a Triangle and suggests a possible movement to 197.9052 within the next 13 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn’t confirm, we could see a retracement back […]
The price of EURUSD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The price may eventually break through, but typically the price retreats from the level a number of times before doing so.
LTCUSD has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 4 days and suggests a possible target level to […]
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that the price momentum will continue? If so, look for a target of 2661.1157 but consider reducing the size of your position as the price gets […]
FTSE100 has broken through 8077.4800 which it has tested numerous times in the past. We have seen it retrace from this price in the past. If this new trend persists, FTSE100 may be heading towards 8030.1909 within the next 5 hours.
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