– EURJPY broke resistance level 169.40
– Likely to rise to resistance level 171.00
EURJPY is currency under the bullish pressure after the recent breakout of the minor resistance level 169.40, which reversed the price last week.
The breakout of the resistance level 169.40 accelerated the active impulse wave iii, which belongs to the higher order impulse waves 3 and (5).
Given the clear daily uptrend and the continuation of the widespread yen sales, EURJPY can be expected to rise further to the next resistance level 171.00, intersecting with the daily up channel from January.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
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…
This website uses cookies