– EURJPY reversed from resistance level 159.50
– Likely to fall to support level 0.8100
EURJPY currency pair recently reversed down from the powerful resistance level 159.50 (which reversed the pair twice in August) intersecting with the upper daily Bollinger Band.
The downward reversal from the resistance level 159.50 is likely to form the daily Bearish Engulfing – which will stop the active impulse wave (3).
Given the strength of the resistance level 159.90, euro outflows and the overbought daily Stochastic, EURJPY can be expected to fall further toward the next support level 156.95 (low of the previous wave (2)).
Bitcoin Cash: ⬇️ Sell - Bitcoin Cash reversed from resistance area - Likely to fall…
EURJPY: ⬆️ Buy - EURJPY reversed from support area - Likely to rise to resistance…
The dollar suffered due to threats to the Fed’s independence. Gold managed to renew its…
Today is Monday, the 12th of January, and once again we will talk about the…
Crypto markets remain volatile; Bitcoin faces selling pressure, XRP slips, Monero surges, and market signals…
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
This website uses cookies