USD/JPY reversed from resistance zone

USD/JPY reversed from resistance zone

  • USD/JPY reversed from resistance zone
  • Next sell target - 108.80

USD/JPY recently reversed down sharply from the resistance zone lying between the key resistance 111.00 (which also stopped with the daily Evening Star the previous short-term upward correct at the start of August) and the 38.2% Fibonacci correction of the previous sharp downward impulse form the start of July. The latest downward reversal from this resistance zone created the daily Bearish Engulfing. USD/JPY is expected to fall to next sell target at the next support level 108.80 (low of the earlier wave B).

jpy

Similar

GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...

gbp

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

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