3 Nice Breakouts: EUR/JPY, USD/CAD And AUD/USD

Today is definitely the day of the breakouts. We have for you three trading occasions, which started with the breakout of either a support or a resistance. First one is the EUR/JPY, where the price broke the mid-term down trendline and later, used that as a support. Today, EUR/JPY is crashing another resistance but this time, a horizontal one. Price closing a day above the yellow area, will be a nice buy signal.

Next one is the USD/CAD, where yesterday, the price broke the lower line of the flag formation (black) and the mid-term up trendline (orange). We are back inside of the big channel down formation, so selling seems like a preferable option at the moment.

Last one is the AUD/USD, where the price broke the neckline of the inverse head and shoulder pattern and is now additionally breaking the mid-term down trendline. That is huge and brings us a legitimate buy signal.

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