The breakout of USDJPY through the 147.0125 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, USDJPY could test 146.1939 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.
The price of GBPJPY in heading back to the support 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.
Emerging Rising Wedge detected on XAUUSD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 3693.725 and it is expected to move to 3724.2258.
ETHUSD is heading towards 4543.7002 and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
The movement of FTSE100 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. This line test could happen in the next 3 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to […]
BRN/USD is moving towards a line of 67.7885 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If BRN/USD continues in its current trajectory, we […]
BTCUSD is approaching a resistance line at 116365.9922. If it hits the resistance line, it may break through this level to continue the bullish trend, or it may turn around back to current levels.
An emerging Triangle has been detected on USDJPY on the 15 Minutes chart. There is a possible move towards 147.9978 next few candles. Once reaching support it may continue its bullish run or reverse back to current price levels.
