CAD/JPY reversed from resistance zone Next sell target - 84…
USD/JPY reached sell target 109.00
- USD/JPY reached sell target 109.00
- Next sell target - 107.00
USD/JPY continues to fall after the earlier breakout of the key support level 109.00 (previous sell target). The breakout of the support level 109.00 should accelerate the active minor impulse wave 3 – which started earlier from the resistance zone lying between the resistance level 112.00, lower trendline of the recently broken down channel from January and 38.2% Fibonacci correction of the sharp impulse wave 1.
USD/JPY is expected to fall further to the next sell target at the support level 107.00 (target price for the completion of the active minor impulse wave 3).
Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.
GBP/JPY broke support level 141…
Recommendation: BUY 0,9765 SL 0,971 TP1 0,985 TP2 0,9895…