– 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).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies