Possible long with the closing triangle being approached, so the break of the support/resistance line will allow further rallying upwards plus if the US news today at 3 PM GMT is released with positive data, therefore allowing further progression upwards.
Bullish engulfing candle was just presented on the H4 chart. So there could be a possible retest of the neckline of the H&S pattern, which therefore could lead to a break and further continuation towards resistance or reject it and fall back down to a target of 109.40
H&S pattern as well as wedge and down trend.
Major resistance has been broken looking to see a retest of the line or a slight drop down to the trend line and then back up. With the US unemployment rates turning out positive there is now a 77% chance the FED is hiking its interest rates, therefore getting investors interested in the dollar. Overall the dollar is going to go on a rally pushing upwards to the...
Yen is weak and the pair has reached a major support/resistance level of 148. I believe it is going to bounce off and fly towards next resistance/support level of 154.