• GBPJPY reversed from support area
• Likely to rise to resistance level 163.65
GBPJPY currency pair recently reversed up from the support area lying between the key support level 160.50 (which has been reversing the price from the middle of June), lower daily Bollinger Band and the 61.8% Fibonacci correction of the sharp upward impulse wave (C) from the middle of May.
The upward reversal from this support area will most likely form the daily candlesticks reversal pattern Bullish Engulfing.
GBPJPY can be expected to rise further toward the next resistance level 163.65 (which stopped the previous waves 2 and (b)).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies