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)).
- NZDUSD falling inside weekly impulse wave C - Likely to fall to support level…
- GBPUSD broke key support level 1.2300 - Likely to fall to support level 1.2100…
- WTI crude oil reversed from support level 72.25 - Likely to rise to resistance…
- USDCAD reversed from support zone - Likely to rise to resistance level 1.4450 USDCAD…
- GBPCHF reversed from resistance zone - Likely to fall to support level 1.1200 GBPCHF…
- USDJPY broke resistance level 158.00 - Likely to rise to resistance level 160.00 USDJPY…
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