EURJPY recently reversed up from the support area lying between the key support level 116.20 (which has been reversing the price from September) and the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Hammer.
EURJPY is expected to rise further toward the next resistance level 117.80. Strong support remains at the support level 116.20.
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- 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…
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