– EURJPY reversed from support zone
– Likely to rise to the resistance level 157.40
EURJPY currency pair recently reversed up from the powerful support zone located between the long-term support level 154.85 (which has been reversing the price from last year) and the lower daily Bollinger Band.
The upward reversal from this support zone is likely to form the daily Japanese candlesticks reversal pattern Piercing Line.
Given the strength of the nearby support zone and the still oversold daily Stochastic, EURJPY currency pair can be expected to rise further to the next resistance level 157.40.
- AUDCAD broke pivotal resistance level 0.9170 - Likely to rise to resistance level 0.9260…
- WTI reversed from round resistance level 70.00 - Likely to fall to support level…
US retail sales rose 0.1% m/m in August, better than forecast, but sales growth in…
Market Picture The crypto market has gained 2.1% in the last 24 hours to reach…
- MasterCard broke round resistance level 500.00 - Likely to rise to the resistance level…
- CHFJPY reversed from support zone - Likely to rise to the resistance level 168.45…
This website uses cookies