• GBPJPY broke resistance level 164.20
• Likely to test resistance level 168.00
GBPJPY continues to rise after the earlier breakout of the key resistance level 164.20 (top of wave (B) from the end of April) .
The breakout of the resistance level 164.20 coincided with the breakout of the 61.8% Fibonacci correction of the earlier downward correction from the middle of April.
GBPJPY currency pair can be expected to rise further toward the next resistance level 168.00 (strong resistance from April and the target price for the completion of the active impulse wave (3)).
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