• USDJPY broke key support level 145.75
• Likely to fall to support level 140.00
USDJPY recently broke the key support level 145.75 (former monthly high from the middle of September) intersecting with the 50% Fibonacci correction of the upward impulse 5 from September.
The breakout of the support level 145.75 accelerated wave (i) of the C-wave of the active ABC correction (2) from October.
Given strong dollar losses, USDJPY can be expected to fall further toward the next support level 140.00 (target for the completion of the active ABC correction (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