Big movement expected on USDJPY

USDJPY has broken through a support line of a Triangle and suggests a possible movement to 104.9161 within the next 2 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement […]

Should we expect a bearish trend on USDCHF?

The breakout of USDCHF through the support line of a Pennant could be a sign of the road ahead. If this breakout persists, we expect the price of USDCHF to test 0.8911 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any […]