– EURJPY under bullish pressure
– Likely to rise to resistance level 160.00
EURJPY under the bullish pressure after the price broke the resistance level 151.50 (which stopped the previous weekly impulse wave 3 in April).
The breakout of the resistance level 151.50 coincided with the breakout of the weekly up channel from 2020, which accelerated the active intermediate impulse wave (3).
Given the clear weekly uptrend, EURJPY can be expected to rise further toward the next resistance level 160.00, forecast price for the completion of the active impulse wave (3).
This week, we’re tracking the US Dollar’s powerful climb following Trump's victory, hitting a crucial…
Next week, several countries including Canada, the UK, and Japan will release their estimates of…
Investors have been selling off gold, with this week's drop being the largest in three…
The Hang Seng Index has fallen 20% from its peak, marking the start of a…
The S&P500 reached the 6000 mark but faced resistance due to fatigue and dollar appreciation.…
The crypto market has continued to cool down for the third day, with a 1.7%…
This website uses cookies