– USDJPY reversed from support level 144.00
– Likely to rise to resistance level 149.35
USDJPY currency pair recently reversed up from the strong support level 144.00 (which has been reversing the price from January) standing near the lower daily Bollinger Band.
The upward reversal from the support level 144.00 created the daily Japanese candlesticks reversal pattern Bullish Engulfing – which started the active impulse wave (3).
Given the strength of the support level 144.00 and the continuation of the yen sales, USDJPY currency pair can then be expected to rise to the next resistance level 149.35 (top of the previous impulse wave (1)).
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
US CPI went in line with expectations, but this hasn't changed the outlook for the…
The crypto market experienced a slight decline in market capitalisation after a week-long rally. Bitcoin…
This website uses cookies