CADJPY recently reversed down from the resistance area lying between the resistance level 82,50 (which has been reversing the price from the middle of November), upper daily Bollinger Band and the 61,8% Fibonacci correction of the previous sharp downward ABC correction (ii) from October.
The downward reversal from this resistance area stopped the earlier impulse waves (iii) and 3.
CADJPY is expected to fall further toward the next support level 81.60 (low of the previous waves (ii) and ii).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies