In the world of forex trading, keeping an eye on market movements and identifying potential breakout opportunities is crucial for making profitable trades. Recently, there has been growing anticipation of potential breakouts in three major currency pairs: NAS100, US30, and USDJPY. 

These pairs have been showing promising patterns and trends, leading many traders to believe that a breakout could be imminent. In this article, we will dive deeper into these currency pairs and analyse their current market conditions to help you make informed decisions in your trading strategy.

The NAS100 Performance 

(UPDATE) - NAS100 is still trading within an upward structure.

NAS100 recently spiked below the support zone around 12670.00 to create a higher low. The market is currently trading within an ascending channel and traders still anticipate a rally to the upside. A break and close above the resistance zone will confirm a continuation to the upside.

The US30 Performance 

(UPDATE) - US30 continuation to the upside is still on the cards.

US30 retraced back to the support zone around 32345.00 and created a higher low. This price action further confirms that the market is likely going to break above the descending channel. Therefore, traders anticipate a rally back to the top of the ascending channel.

Read More: Traders Waiting On US30 And NAS100

The USDJPY Performance 

(UPDATE) - USDJPY is now trading above the descending channel.

USDJPY recently retraced and created a higher low before pushing to the upside. This price action caused a break of structure as the market is currently trading above the channel. Traders anticipate the USD to recover against the YEN and are targeting the resistance zone around 132.875.

Final thoughts on today's analysis 

In conclusion, the anticipation of potential breakouts in NAS100, US30, and USDJPY has caught the attention of many forex traders. While it's important to approach any trading decision with caution, keeping an eye on these currency pairs could lead to profitable opportunities. 

By staying up to date on market movements and analyzing patterns and trends, traders can make informed decisions and potentially capitalise on a breakout. As always, it's essential to have a solid trading plan in place and to manage risk appropriately to maximise success in the market. Looking for more analysis? Subscribe to our YouTube channel today!