EURJPY recently reversed up from the support area lying between the powerful support level 116.00 (which stopped the previous sharp downtrend in September) and the lower daily Bollinger Band.
The upward reversal from this support area formed the daily Japanese candlesticks reversal pattern Bullish Engulfing.
EURJPY is expected to rise further toward the next resistance level 120.00 (which stopped the earlier short-term correction (b)).
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…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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