• USDJPY reversed from major resistance level 134.
• Likely to fall to support level 130.75
USDJPY recently reversed down from the major resistance level 134.60 (former support which stopped the previous waves (A) and B at the start of December).
The downward reversal from the resistance level 134.60 created the daily candlesticks reversal pattern Bearish Engulfing.
USDJPY can be expected to fall further toward the next support level 130.75 (previous monthly low from August and the low of wave (C)).
Market picture Crypto market capitalisation has been up 2% over the past seven days and…
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
This website uses cookies