USDJPY has broken through the support line of a Pennant technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 17 days and suggests a possible target level to be around 150.5609 within the next 18 hours.
Target: 150.5609 Entry: 151.4733 Stop: 151.973
The last 9 4 hour candles on LTCUSD formed a Channel Down pattern and broken out through the pattern lines, indicating a possible bullish movement towards the price level of
USDCAD is heading towards the resistance line of a Rising Wedge and could reach this point within the next 2 days. It has tested this line numerous times in the
The price of USDCAD in heading back to the resistance area. It is possible that it will struggle to break through it and move back in the other direction. The