• USDJPY reversed from support level 131.40
• Likely to rise to resistance level 135.33
USDJPY recently reversed up from the key support level 131.40 (former monthly high from May, which has been reversing the pair after it was broken in June).
The upward reversal from the support level 131.40 created the daily Hammer, which started the active intermediate impulse wave (5).
Given the predominant uptrend, USDJPY can be expected to rise further toward the next resistance level 135.33 (top of the previous correction B).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies