– EURJPY under strong bearish pressure
– Likely to fall to support level 163.10
EURJPY under the strong bearish pressure after the price reversed down from the major multi-year resistance level 170.00 (which started the sharp weekly downtrend back in 2007).
The resistance level 170.00 was strengthened by the upper daily Bollinger Band and by the resistance trendline of the daily up channel from January.
EURJPY can be expected to fall further to the next support level 163.10 (which reversed the price twice in April).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies