What happened? Japanese shares fell on Monday…
USD/JPY reversed from multi-month resistance level 114.40
2019-11-11 • Updated
- 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.
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