USDJPY continues to fall impulse the sharp primary impulse wave ③, which started earlier from the powerful resistance area lying between the long-term resistance level 114.60, upper daily Bollinger Band and the resistance level trendline of the daily up channel from May.
The downward reversal from the aforementioned resistance area created the strong weekly Japanese candlestick reversal pattern Evening Star Doji.
USDJPY is expected to fall further and re-test the next support level 111.00, intersecting with the support trendline of the daily up channel from May.
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies