A Channel Up pattern was identified on Nikkei 225 at 37654.0, creating an expectation that it may move to the resistance line at 38709.7955. It may break through that line and continue the bullish trend or it may reverse from that line.
Supported by Upward sloping Moving Average
Target: 38709.7955 Entry: 37654 Stop: 36675
This trade setup on USDJPY is formed by a period of consolidation; a period in which the price primarily moves sideways before choosing a new direction for the longer term.
GBPUSD has breached the support line at 1.3516. It may continue the bearish trend towards 1.3376, or, it may prove to be yet another test of this level. Supported by
USDCHF is approaching the support line of a Falling Wedge. It has touched this line numerous times in the last 3 days. If it tests this line again, it should