• 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).
- 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