EURJPY today corrected up from the support area lying between the long-term support level 115.80 (which has been reversing the price from the start of May) and the lower daily Bollinger Band.
The upward reversal from this support area stopped the previous short-term impulse waves 3 and (3).
EURJPY is expected to rise further toward the next resistance level 118.00 (which reversed the pair earlier in April).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
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- 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,…
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