USD/JPY reversed from resistance area

USD/JPY reversed from resistance area

  • USD/JPY reversed from resistance area
  • Next sell target - 109.20

USD/JPY recently reversed down sharply from the resistance area lying between the strong resistance level 111.00 (which also reversed the price with the daily Shooting Star in the middle of May) and the upper daily Bollinger Band. USD/JPY is expected to fall further toward the next sell target at the next support level 109.20 (low of wave (b)) – the breakout of which can lead to further losses toward 108.30.

jpy

Similar

Popular

EUR/USD: euro hung on Tenkan-Kijun

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.

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