USDJPY is moving towards a line of 146.9890 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 USDJPY continues in its current trajectory, we may see it move towards 146.9890 within the next 8 hours.
Emerging Channel Up detected on USDJPY – the pattern is an emerging one and has not yet broken through support,
Emerging Channel Down detected on XAGUSD – the pattern is an emerging one and has not yet broken through resistance,
LTCUSD has experienced an extremely big movement in last 11 hours. It may continue the trend, but this would make
This trade setup on XAUUSD is formed by a period of consolidation; a period in which the price primarily moves
Emerging Channel Down pattern in its final wave was identified on the GBPJPY 30 Minutes chart. After a strong bearish
NAS100 hits 20065.4045 after a 9.42% move spanning 25 days.
Those of you that are trend followers are probably eagerly watching USDJPY to see if its latest 1.55% move continues.
