– 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)).
- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…
- USDCHF broke resistance zone - Likely to rise to resistance level 0.9000 USDCHF currency…
The decline in EURUSD was driven by weak PMI figures, with France and Germany both…
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
This website uses cookies