USDJPY experienced an exceptionally large movement
For those of you that don’t believe in trends, this may be an opportunity to take advantage of an exceptional 0.33% move on USDJPY. The movement has happened over the last 7 hours. For those trend followers among you, you may think about riding this possible trend.
GBPUSD – getting close to support of a Channel Down
GBPUSD is moving towards a support line. Because we have seen it retrace from this line before, 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 2 days and may test it again within the next 9 hours.
EURCHF approaching important 1.0536 price line
EURCHF is approaching the support line of a Support. It has touched this line numerous times in the last 6 days. If it tests this line again, it could do so in the next 15 hours.
USDJPY – getting close to support of a Channel Down
USDJPY is moving towards a support line. Because we have seen it retrace from this line before, 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 21 hours and may test it again within the next 6 hours.
Where is EURGBP moving to?
A movement of 1.4% over 15 days on EURGBP doesn’t go unnoticed. You may start considering where it’s heading next, a continuation of the current upward trend, or a reversal in the previous direction.
USDCHF – getting close to resistance of a Triangle
USDCHF is moving towards a resistance line. Because we have seen it retrace from this line before, 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 13 days and may test it again within the next 2 days.
EURCHF approaching important 1.0604 price line
EURCHF is approaching the resistance line of a Resistance. It has touched this line numerous times in the last 10 days. If it tests this line again, it could do so in the next 2 days.
GBPJPY – getting close to support of a Channel Down
GBPJPY is moving towards a support line. Because we have seen it retrace from this line before, 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 4 days and may test it again within the next 10 hours.
Either a rebound or a breakout imminent on AUDJPY
AUDJPY is heading towards the support line of a Falling Wedge. If this movement continues, the price of AUDJPY could test 83.7430 within the next 3 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.
Huge bearish move on GBPJPY
GBPJPY has moved lower by 2.82% from 157.721 to 153.579 in the last 17 days.