• EURJPY reversed from resistance level 126.60
• Likely to fall to 124.00
EURJPY recently reversed down from the powerful multi-month resistance level 126.60 (top of wave 2 from the start of 2019) – standing close to the upper weekly Bollinger Band and the 50% Fibonacci correction of the weekly downtrend from 2018.
The downward reversal from the resistance level 126.60 stopped the previous sharp upward impulse wave (C).
With the overbought weekly Stochastic – EURJPY is likely to fall further toward the next support level 124.00 (former strong resistance level from June).
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
This website uses cookies