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MARKET ANALYSIS

The breakout of USDJPY through the 158.9740 price line is a breach of an important psychological price level that it has tested numerous times in the past. If this breakout persists, USDJPY could test 159.7179 within the next 15 hours. One should always be cautious before placing a trade and wait for confirmation of the breakout.

EURUSD has moved through the support line of a Triangle pattern at 1.17606 on the 4 hour chart. This line has been tested multiple times in the past, and this breakout could signal an upcoming change in the current trend. Price may continue in the current direction toward 1.1721.

FTSE100 is moving toward a resistance line. Because it has retraced from this level in the past, we may see either a breakout through this line or a rebound to current levels. It has touched this line multiple times over the last 13 days and may test it again within the next 13 hours.

XAUUSD experienced an unusual number of bullish candles on the Daily timeframe.

Triangle pattern identified on LTCUSD has broken through a support level, with price momentum continuing to move downward. This presents a solid trading opportunity, with the price expected to reach 56.9210 in the next 10.

GBPJPY is approaching a support line at 213.3265. If it hits the support line, it may break through this level to continue the bearish trend, or it may return to current levels.

NAS100 is moving toward a resistance line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 5 days and may test it again within the next 15 hours.

BRN/USD is moving toward a support line. Since it has retraced from this line before, we may see either a breakout through this line or a rebound to current levels. It has touched this line numerous times in the last 5 days and may test it again within the next 7 hours.