• 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.
- 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