– USDJPY reversed from support level 149.30
– Likely to rise to resistance level 152.00
USDJPY currency pair recently reversed up from the key support level 149.30 (which has been reversing the pair from the middle of October as can be seen below).
The support level 149.30 was strengthened by the 50% Fibonacci correction of the previous sharp upward impulse from the start of last month.
Given the strength of the active uptrend, USDJPY can be expected to rise further toward the next resistance level 152.00 (top of wave iii and the target for the completion of the active impulse wave v).
- 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…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies