Either a rebound or a breakout imminent on USDJPY

USDJPY is heading towards a line of 109.3790. If this movement continues, we expect the price of USDJPY to test 109.3790 within the next 2 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like […]

USDJPY has broken through support

USDJPY has broken through the support line of a Triangle. It has touched this line at least twice in the last 11 days. This breakout indicates a potential move to 108.7273 within the next 2 days. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the […]

A start of a bearish trend on USDCHF

USDCHF has broken through a line of 0.9122. If this breakout holds true, we expect the price of USDCHF to test 0.9071 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.