– USDJPY reversed from support level 138.70.
– Likely to rise to resistance level 141.30
USDJPY recently reversed up from the 138.70 support (which stopped the previous correction 2 in early June).
Support at 138.70 was strengthened by the 20-day MA and by 38.2% Fibonacci retracement of the sharp upside impulse 1 from early May.
Given the prevailing daily uptrend, we can expect USDJPY to rise further towards the next resistance level at 141.30 (top of the impulse wave 1 from the end of May).
Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…
EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…
The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…
Today is Monday, the 12th of January, and once again we will talk about the…
Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
This website uses cookies