Skip to content GBPJPY has broken through a support line. It has touched this line numerous times in the last 6 days. This breakout shows a potential move to 198.6659 within the next 21 hours. Because we have seen it retrace from this level in the past, one should wait for confirmation of the breakout.
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 67.3134 but consider reducing the size of your position as the price gets […]
XAGUSD is moving towards a resistance line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If XAGUSD continues in its current trajectory, we could see it […]
NAS100 is heading towards the support line of a Channel Up and could reach this point within the next 15 hours. 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 last 2 15 Minutes candles on BTCUSD formed a Falling Wedge pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of 113259.1216.
NGC/USD has broken through a support line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 7 days and suggests a possible target level to be around 2.7770 within the next 2 […]
USDJPY moved through the resistance line of a Ascending Triangle at 148.29476086956518 on the 1 hour chart. This line has been tested a number of times in the past and this breakout could mean an upcoming change from the current trend. It may continue in its current direction toward 148.9053.
