• 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).
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