EURJPY recently reversed up sharply from the support area lying between the key support level 121.00 (which stopped the previous medium-term ABC correction (2)) and the lower daily Bollinger Band.
The upward reversal from this support area started the active short-term impulse wave 3 – which belongs to the impulse wave (3) from May.
EURJPY is expected to rise further in the active impulse waves 3 and (3) and retest the next resistance level 123.00 (top of wave 1).
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,…
This website uses cookies
