A possible start of a bearish trend on USDJPY

USDJPY has broken through a support line of a Triangle chart pattern. If this breakout holds true, we may see the price of USDJPY testing 129.9238 within the next 7 hours. But don’t be so quick to trade, it has tested this line in the past, so you should confirm the breakout before taking any […]

Possible breach of support level by AUDJPY

AUDJPY is moving towards a support 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 AUDJPY continues in its current trajectory, we could see it […]