USDJPY is moving towards a resistance 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 USDJPY continues in its current trajectory, we could see it reach 143.5635 within the next 6 hours.
Supported by Upward sloping Moving Average
Target: 143.5635 Entry: 143.0085 Stop: 142.609
The last 5 15 Minutes candles on FTSE 100 formed a Triangle pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of
USDCAD is moving towards a key resistance level at 1.3911. USDCAD has previously tested this level 3 times and on each occasion it has bounced back off this level. Is
Broke through Support level of 0.5758 at 12/19 08:00. Possible bearish price movement forecast for the next 2 days towards 0.5727. Target: 0.579 Entry: Stop: 0.5747