• USDJPY rising inside impulse wave (iii)
• Likely to test resistance level 152.50
USDJPY continues to rise inside the short-term impulse wave (iii), which belongs to the higher order impulse waves 3 and (5).
The pair earlier broke the resistance trendline of the daily up channel from March – which added to the bullish pressure on USDJPY.
Given the overriding daily uptrend, USDJPY can be expected to rise further toward the next resistance level 152.50 (target price for the completion of the active impulse wave (iii)).
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