• USDJPY reversed from support zone
• Likely to rise to resistance level 110.50
USDJPY currency pair recently reversed up from the support zone lying between the support level 109.20 (which has been reversing the price from the start of June) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Bullish Engulfing.
Given the strong uptrend that can be seen on the daily charts – USDJPY can be expected to rise further toward the next resistance level 110.50 (which stopped the previous correction (b)).
- 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