USDJPY recently broke below the pivotal support level 107.00 (which stopped the previous waves A and (i), as can be seen below)
The breakout of the support level 107.00 should accelerate the C-wave of the active medium-term ABC correction (2) from the end of March.
USDJPY is expected to fall further toward the support level 106.00 (likely price for the termination of the active short term impulse wave (iii)).
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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