Coffee previously reversed up sharply from the support area lying between round level 90.00 (which also reversed the price in May) and the lower daily Bollinger Band.
The reversal from this support area stopped the previous impulse waves (iii) and 3 of the medium-term impulse wave (3) from May.
Coffee is expected to rise further and retest the next resistance level 104.70 (target price for the completion of the active impulse wave 3).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies