• USDJPY reversed from support level 131.40
• Likely to rise to resistance level 136.00
USDJPY recently reversed up from the support level 131.40 (former monthly high from May), intersecting with the lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse wave 1 from May.
The upward reversal from the support level 131.40 created the daily Bullish Engulfing – which started the active impulse wave (iii).
Given the clear daily uptrend and the strongly bullish USD sentiment, USDJPY can be expected to rise toward the next resistance level 136.00 (former monthly high from June).
- 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