USDJPY recently reversed down from the resistance area located between the key resistance level 109.80 (former multi-month support from August) and the 50% Fibonacci correction of the previous sharp downward impulse from September.
The downward reversal from this resistance area stopped the previous medium-term upward impulse wave (3) from the start of January.
Given the overbought reading on the daily Stochastic indicator – USDJPY is expected to fall further and re-test the next key support at 109.00.
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies