USD/JPY broke the resistance zone

USD/JPY broke the resistance zone

  • USD/JPY broke the resistance zone
  • Next buy target - 110.00

USD/JPY recently broke the resistance zone lying between the key resistance level 108.30 (former support from January and February) and the 38.2% Fibonacci correction of the sharp downward impulse from the start of January. USD/JPY is expected rise fall toward the next buy target at next resistance level 110.00 (high of the previous correction 4 from February and the target for completion of wave (3)).



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There's a confirmed 'Double Top' pattern, which pushed the market lower. Also, it seems like we're going to have...

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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