• GBPJPY reversed from resistance level 172.40
• Likely to rise to resistance level 170.00
GBPJPY recently reversed down from the long-term resistance level 172.40 (which has been reversing the price from last October).
The downward reversal from the resistance level 172.40 stopped the previous sharp upward impulse wave 3, which belongs to wave (3) from January.
Given the overbought daily Stochastic, GBPJPY can be expected to fall further toward the next support level 170.00.
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