• USDJPY falling inside impulse wave C
• Likely to fall to 104.00
USDJPY continues to fall inside the short-term impulse wave (c), which previously broke the support level 105.00 intersecting with the 50% Fibonacci correction of the upward impulse wave 1 from September.
The breakout of the support level 105.00 is aligned with the multi-month downtrend inside which the pair has been trading from March.
USDJPY is likely to fall further toward the next support level 104.00 (powerful support from September and the target price for the completion of the active ABC correction 2).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies