Categories: Technical analysis

Johnson & Johnson Wave Analysis – 31 July 2025

Johnson & Johnson: ⬇️ Sell

– Johnson & Johnson reversed from the resistance zone

– Likely to fall to support level 160.00

Johnson & Johnson recently reversed down from the strong resistance zone located between the long-term resistance level 168.15 (upper border of the weekly sideways price range from 2023) and the upper weekly Bollinger Band.

The downward reversal from this resistance zone stopped the earlier intermediate impulse wave (3).

Given the strength of the resistance level 168.15 and the overbought weekly Stochastic, Johnson & Johnson can be expected to fall to the next support level 160.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team

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