• 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)).
Gold has reached record high in euro above 2600, and growing fast in dollar terms…
The crypto market is booming as the anticipation of regulatory changes grows. Bitcoin nears $100K,…
- GBPCAD broke support zone - Likely to fall to support level 1.7500 GBPCAD currency…
- EURCHF under bearish pressure - Likely to fall to support level 0.9250 EURCHF under…
- Natural gas broke the multi-month resistance level 3.150 - Likely to rise to resistance…
Coca-Cola reversed from support level 61.35 Likely to rise to resistance level 64.00 Coca-Cola earlier…
This website uses cookies