• USDJPY reversed from support area
• Likely to rise 107.60
USDJPY recently reversed up from the support area between the key support level 106.00 (monthly low from May), lower daily Bollinger band and the 50% Fibonacci retracement of the previous upward impulse (1) from the middle of March.
The upward reversal from this support zone started the active short-term impulse wave 3. Given the oversold daily Stochastic – USDJPY is likely to rise further toward the next resistance level 107.60 (top of the previous correction (b)).
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
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…
This website uses cookies