Hello Traders, today we would like to share with you the USDJPY as it seems that it may push lower. After the market pulled higher and held resistance around 112.00 as it turned south again. On its way to the downside, it might have created an S-H-S formation with a break of the trendline which may indicate lower prices. This may be first clues that a lower...
The price is close to a zone of resistance if the price is not able to break the 1.0847 area will be an execente to go short. short to 1.0363 If the price the price breaks the resistance that is located in the blue zone of 1.0847 the arrival price 1.1125 will be an excellent long trade.
We hope that our analysis can help you in your trading. This is an update for NZD/USD, it is predicting for PRICE BREAKOUT. It would be a great idea to SELL on 0.71560 and place your TARGET at 0.71360