USDJPY recently broke through the resistance area lying between the key resistance level 113.00 (which stopped the previous sharp impulse wave (A) in the middle of July, as can be seen below) and the resistance trendline of the daily up channel from August.
The breakout of this resistance area continues the active short-term impulse wave 3, which belongs to the medium-term impulse wave (C) from last month.
USDJPY is expected rise further and retest the next resistance level 113.50 (forecast price for the completion of the active impulse wave 3).
- 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
