– USDJPY broke support level 142.00
– Likely to fall to support level 140.00
USDJPY currency pair recently broke the support level 142.00, coinciding with the support trendline of the narrow daily up channel from May.
The breakout of the support level 142.00 accelerated the active short-term correction 2, which belongs to the higher impulse wave (5) from May.
Given the widespread dollar sales, USDJPY can be expected to fall further toward the next support level 140.00 (target price for the completion of the active wave 2).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies