Technical analysis - Page 354

• Cotton rising inside corrective wave 2 • Likely to reach 62.20 Cotton recently reversed up from the support level 59.00 (former strong resistance from the middle of May). The upward reversal from the support level 59.00 started the active.

• GBPUSD under bearish pressure • Likely to fall to 1.2330 GBPUSD under bearish pressure after the recent breakout of the support level 1.2470 (which reversed the price earlier this month). . The breakout of the support level 1.2470 continues.

• EURJPY broke support zone • Likely to fall to 119.00 EURJPY recently broke the support zone lying between the support level 120.50 (low of the preceding impulse wave A) and the 50% Fibonacci retracement of the recent sharp upward.

• GBPJPY broke support level 133.60 • Likely to fall to 130.75 GBPJPY recently broke through the support level 133.60 (low of the earlier wave A), intersecting with the 38.2% Fibonacci retracement of the previous upward impulse from March. The.

• Adobe reversed from support level 386.50 • Likely to rise 430.00 Adobe has been rising steadily in the last few trading sessions after the earlier upward reversal from the key support level 386.50 (former multi-month resistance level from the.

• Corn reversed from resistance area • Likely to fall to 317.00 Corn recently reversed down from the resistance area lying between the key resistance level 334,00 (former support from the middle of March), upper daily Bollinger Band and the.

• EURUSD falling inside impulse wave (3) • Likely to fall to 1.1150 EURUSD recently reversed down from the resistance zone lying between the long-term resistance level 1.1400 (which has been reversing the price from June of 2019) and the.

• EURNZD reversed from resistance zone • Likely to fall 1.7200 EURNZD recently reversed down from the resistance zone lying between the resistance level 1.7640 (former support from May and March) and the 38.2% Fibonacci retracement of the pervious downward.

• Amazon reversed from support level 2520.00 • Likely to rise to 2670.00 Amazon recently reversed up from the key support level 2520.00 (former strong resistance from May, acting as the support after it was broken by the previous impulse.

• EURGBP reversed from resistance area• Likely to fall 0.8865 EURGBP recently reversed down from the resistance area lying between the round resistance level 0.9000 (which stopped the previous waves 3, (1) and B), upper daily Bollinger band and the.

• EURAUD reversed from resistance area• Likely to fall 1.6084 EURAUD recently reversed down from the resistance zone lying between the key resistance level 1.6500( former strong support from the end of May) and the 50% Fibonacci retracement of the.

• WTI reversed from key support level 35.00• Likely to rise 40.00 WTI recently reversed up from the key support level 35.00 (former top of the pervious short-term correction (a) from the end of May). The upward reversal from the.