The USDJPY is as we write looking to break higher through resistance on the daily chart. This resistance has acted as a very solid previous support. This level is crucial to how this market plays out, and to whether the bulls or bears gain control. We can see a Bullish Engulfing Bar that has formed …
Price Action Charts in Focus
EURUSD Rejection Candle
The EURUSD daily chart has formed a Bullish Rejection candle. This bullish price action has formed with the strong recent up-trend and at near term support. If price moves higher from here price could look to test the near term resistance around the Very Big Round Number of 1.300. If price falls …
Silver Pin Bar
The price action on silver formed a false break Pin Bar reversal on the daily chart. The Pin Bar was against the trend, however this market was due for a pullback after such a large move higher. When the low of this Pin Bar was taken out, price cruised on lower into the near term support area. …
