• USDJPY reversed from resistance level 110.00
• Likely to fall to support level 109.00
USDJPY currency pair recently reversed down from the round resistance level 110.00, standing above the upper daily Bollinger Band.
The downward reversal from the resistance level 110.00 created the daily Japanese candlesticks reversal pattern Shooting Star Doji.
USDJPY currency pair can then be expected to fall further toward the next support level 109.00 – followed by the support level 108.50 (low of wave 2).
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- 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…
This website uses cookies