USDJPY recently reversed up from the support level 160.00 intersecting with the lower daily Bollinger Band and the 50% Fibonacci retracement of the previous upward impulse (1).
The price is likely to complete the daily candlestick reversal pattern Morning Star – if it closes this week near the current levels – which is a strong buy signal.
USDJPY is expected to rise further toward the next resistance level 107.00 (former strong support level from the start of April).
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…
- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…
Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…
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