– EURJPY broke pivotal resistance level 163.40
– Likely to rise to resistance level 164.35
EURJPY today broke above the pivotal resistance level 163.40 (which stopped the previous waves 3 and (b), as can be seen from the daily EURJPY chart below).
The breakout of the resistance level 163.40 continues the active minor impulse wave 5 of the intermediate impulse wave (5) from the start of December.
Given the clear daily uptrend, EURJPY currency pair can be expected to rise further toward the next resistance level 164.35 (top of wave (3) from November) – followed by 166.00.
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
This website uses cookies