– EURJPY reversed from the support area
– Likely to rise to the resistance level 159.65
EURJPY currency pair recently reversed up from the support area located between the key support level 156.000 (which has been steadily reversing the price from August of 2024 as can be seen below) and the lower weekly Bollinger Band.
The upward reversal from the support area stopped the previous weekly downward impulse wave (3) from last year.
Given the strength of the support level 156.000, EURJPY currency pair can be expected to rise to the next resistance level 159.65 (the former weekly low from January).
The U.S. dollar takes a major hit as trade tariffs spark capital flight, while global…
Gold experienced a significant increase followed by a sharp decline. It may be a good…
US indices fell after tough tariffs were announced by Trump, triggering a negative reaction in…
The US dollar is experiencing a decline due to trade tariffs and capital flight. The…
EURGBP: ⬆️ Buy - EURGBP broke resistance area - Likely to rise to resistance level…
AUDJPY: ⬇️ Sell - AUDJPY broke support level 90.00 - Likely to fall to support…
This website uses cookies