We can see a triangle formation on the daily candles. If it breaks higher, it will take the price to break 153.82 and on the lower side to break 146 yens per pound. In the one hour candles, we can see how the price is colliding below with148.57. This is a very important support and if it's lost, there could be a first slide down to 149.13. If the market is very strong, to 148.46. On the upper side, breaking today's and Friday's high around 150.2 could push the pair to its next target, at 150.42.
Join the Discussion