EURJPY recently reversed up from the support area lying between the long-term support level 115.80 (which stopped the sharp downtrend in September) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the earlier impulse wave (iii) – which belongs to the longer term impulses 3 and (3).
Given the oversold daily Stochastic – EURJPY is expected to rise further toward the next resistance level 116.50 (former support from March).
- Nikkei 225 index rising inside minor impulse waves 3 - Likely to reach resistance…
- NZDJPY rising inside corrective wave ii - Likely to rise to resistance level 91.65…
Gold started the week with new highs and ended the week up 1.3%, despite a…
Crypto market cap rose by 3.2% to $2.21 trillion overnight. This made the struggle to…
- Gold reversed from support level 2550.00 - Likely to rise to resistance level 2600.00…
- S&P 500 broke key resistance level 5670.00 - Likely to rise to resistance level…
This website uses cookies