Technical levels of AUD/CAD
EUR/JPY broke pivotal resistance level 129.30
- EUR/JPY broke pivotal resistance level 129.30
- Next buy target - 131.40
EUR/JPY today broke through the pivotal resistance level 129.30 (former powerful support from March and May, as can be seen below). The breakout of this resistance level continues the active primary impulse wave ③ from last month. EUR/JPY is expected to rise further toward the next buy target at the next resistance level 131.40 (which reversed the price twice in May).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...