• GBPJPY reversed from support level 163.55
• Likely to rise to resistance level 166.00
GBPJPY currency pair recently reversed up from the pivotal support level 163.55 (former resistance level which has been reversing the price from the start of March).
The upward reversal from the support level 163.55 runs counter to the active intermediate impulse wave (C) from the start of April.
Given the strong yen sales, GBPJPY can then be expected to rise further toward the next resistance level 166.00 (top of the previous impulse wave C).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies