– EURJPY reversed from resistance level 151.35
– Likely to fall to support level 148.00
EURJPY currency pair recently reversed down with the daily Shooting Star from the key resistance level 151.35 (top of the previous minor impulse wave 3 from the start of May).
The downward reversal from the resistance level 151.35 started the active short-term correction (ii), which belongs to the higher impulse waves 5 and (C).
Given the still overbought daily Stochastic , EURJPY can be expected to fall toward the next support level 148.00, target price for the completion of the active correction (ii).
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%…
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
This website uses cookies