• 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).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies