GBPUSD – getting close to psychological price line
GBPUSD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 6 days and may test it again within the next […]
Possible breach of support level by EURCHF
EURCHF 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 EURCHF continues in its current trajectory, we could see it […]
USDJPY approaching support of a Channel Down
USDJPY is approaching the support line of a Channel Down. It has touched this line numerous times in the last 11 days. If it tests this line again, it should do so in the next 3 days.
GBPJPY is on its way up
GBPJPY has experienced an exceptionally large movement higher by 6.62% from 159.962 to 170.549 in the last 22 days.
Support line breached by GBPUSD
GBPUSD has broken through the support line which it has tested twice in the past. We have seen it retrace from this line before, so one should wait for confirmation of the breakout before trading. If this new trend persists, a target level of around 1.1337 may materialize within the next 2 days.
EURCHF – getting close to psychological price line
EURCHF is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 5 days and may test it again within the next […]
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the resistance line of a Ascending Triangle. If this movement continues, the price of AUDJPY could test 95.4420 within the next 2 days. It has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
GBPJPY is on its way up
GBPJPY has experienced an exceptionally large movement higher by 7.05% from 159.962 to 171.236 in the last 19 days.
Will AUDJPY have enough momentum to break resistance?
AUDJPY is heading towards the resistance line of a Triangle 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 from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could […]
Huge bullish move on GBPJPY
GBPJPY has moved higher by 6.44% from 159.962 to 170.264 in the last 17 days.