EURJPY continues to fall inside the strong short-term impulse wave (iii) which started earlier from the key resistance level 119.00, intersecting with the 50% Fibonacci correction of the downward impulse (i) from March.
The active impulse wave (iii) belongs to medium-term downward impulse sequence (3) from the middle of January.
EURJPY is expected to fall further toward the next support level 116.20 (low of the earlier impulse waves 1 and (i)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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