• USDJPY reversed from key support level 121.00
• Likely to rise to resistance level 125.00
USDJPY recently reversed up with the daily Morning Star from the key support level 121.00 intersecting with the 38.2% Fibonacci correction of the upward impulse from March.
The support area near the support level 121.00 was further strengthened by the upper trendline of the daily up channel from last September (acting as support after it was broken previously).
USDJPY can be expected to rise further toward the next resistance level 125.00 (top of the previous impulse wave (3) from last month).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
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…
This website uses cookies