Technical levels of AUD/CAD
USD/JPY broke major support level 108.30
- USD/JPY broke major support level 108.30
- Next sell target - 107.00
USD/JPY today broke below the major support level 108.30 (which stopped the previous sharp impulse waves (1) and 1, as can be seen from the daily USD/JPY chart below). The breakout of the support level 108.30 continues the active strong downward impulse waves 3 and (3). If the pair closes this week below the support level 108.30 – this will multiply the bearish pressure on USD/JPY in the coming trading sessions. USD/JPY is expected to fall to next sell target at the next support level 107.00.
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...