Technical analysis - Page 328

• EURJPY reversed from resistance level 124.30 • Likely to fall to 122.84 EURJPY recently reversed down from the resistance level 124.30 (which stopped the previous corrective (A)-wave at the start of July) – standing above the upper daily Bollinger.

o Amazon reversed from key support level 2920.00o Likely to rise to 3225.00 Amazon recently reversed up from the key support level 2920.00 (which stopped the (a)-wave of the active ABC retracement (iv) at the start of July). The support.

• USDJPY broke strong support level 106.00• Likely to fall to 104.60 USDJPY falling steadily after the earlier breakout of the strong support level 106.00 (which formed the monthly lows in May and June, as can be seen below). The.

• EURCHF broke resistance area• Likely to rise to 1.0880 EURCHF recently broke through the resistance area located between the resistance level 1.080 (top of the previous wave A) and 61.8% Fibonacci correction of the previous downward impulse (1). The.

• EURCAD broke key resistance level 1.5540• Likely to rise to 1.5785 EURCAD recently broke above the key resistance level 1.5540 (former monthly high from May), intersecting with the 50% Fibonacci retracement of the previous downward correction from March. The.

• GBPAUD reversed from long-term support level 1.7800 • Likely to rise to 1.8060 GBPAUD recently reversed up from the long-term support level 1.7800 (former monthly low from September of 2019), intersecting with the lower daily Bollinger Band. The upward.

• CADJPY reversed from key resistance level 79.60 • Likely to fall to 78.50 CADJPY recently reversed down from the key resistance level 79.60 (which has been steadily reversing this currency pair from the middle of June). The resistance zone.

• Cotton broke daily up channel • Likely to fall to 58.60 Cotton recently broke the support trendline of the daily up channel from March (which has enclosed the previous medium-term ABC correction (2)). The breakout of this up channel.

• NZDJPY reversed from resistance level 71.60 • Likely to fall to 70.00 NZDJPY recently reversed down from the resistance level 71.60 (former top from June) – intersecting with the upper daily Bollinger Band. The downward reversal from the resistance.

• Euro50 reversed from resistance level 3400.00 • Likely to fall to 3230.00 Euro50 recently reversed down from the pivotal resistance level 3400.00 (former monthly low from October of 2019 and the latest monthly high from June), intersecting with the.

• Copper reversed from long-term resistance level 298.00 • Likely to fall to 287.50 Copper recently reversed down from the long-term resistance level 298.00 (which has been steadily reversing the price from the middle of 2019, as can be seen.

• AUDJPY reversed from multi-month resistance level 76.50 • Likely to fall to 75.20 AUDJPY recently reversed down from the powerful, multi-month resistance level 76.50 (which has been reversing the price from the end of December), intersecting with the upper.