USD/JPY reversed from multi-month resistance level 114.40

USD/JPY reversed from multi-month resistance level 114.40

  • USD/JPY reversed from multi-month resistance level 114.40
  • Next sell target - 1.1500

USD/JPY recently reversed down from the resistance area located between the strong, multi-month resistance level 114.40 (previous buy target, which has been reversing the price from the start of May, as can be seen from the daily USD/JPY chart below) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active minor corrective wave (ii). EUR/USD is expected to fall to the next sell target at the next support level 112.70.

jpy

Similar

EUR/USD: bearish 'Harami'

The market is likely going to continue declining in the direction of the next support area in the coming hours...

eur

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera