– EURJPY reversed from support level 161.35
– Likely to rise to resistance level 164.00
EURJPY currency pair recently reversed up from the key support level 161.35, coinciding with the 20-day moving average support trendline of the daily up channel from October and the 50% Fibonacci correction of the upward impulse from August.
The upward reversal from the support level 161.35 stopped the earlier minor correction 2 from the middle of November.
Given the clear daily uptrend, EURJPY currency pair can be expected to rise further to the next resistance level 164.00, which stopped the previous impulse wave 1.
Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…
Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…
Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…
Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…
The Fed is in no hurry to cut rates, and Hassett is unlikely to accelerate…
Crypto market faces renewed downward pressure; Bitcoin may drop further, with diverging forecasts for 2026…
This website uses cookies