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 150.6582 within the next 5 hours.
Supported by Upward sloping Moving Average
Target: 150.6582 Entry: 150.084 Stop: 149.768
DOW 30 is moving towards a support line which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage
ASX 225 has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading.
The price of AUDUSD in heading in the direction of 0.6479. Despite the recent breakout through 0.6437 it is possible that it will struggle to gain momentum to the forecast