Big movement expected on EURGBP

EURGBP has broken through a line of 0.8587 and suggests a possible movement to 0.8572 within the next 5 hours. It has tested this line numerous times 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 […]

Breach of support line imminent by USDCHF

USDCHF is moving towards the support line of a Channel Up 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 USDCHF continues in its current trajectory, […]

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 […]