• USDJPY reversed from key resistance area
• Likely to fall to support level 113.00
USDJPY currency pair continues to fall after the price reversed down from the major resistance area located between the multi-year resistance level 114.40 (which stopped the uptrend in 2018) and the upper weekly Bollinger Band.
The downward reversal from this resistance area stopped the previous sharp upward impulse wave 3.
Given the strength of the nearby resistance area and the overbought weekly RSI – USDJPY can be expected to fall further toward the next support level 113.00.
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- 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…
This website uses cookies