USD/JPY reversed from support zone

USD/JPY reversed from support zone

  • USD/JPY reversed from support zone
  • Next buy target - 113.00

USD/JPY recently reversed up from the support zone lying between the support trendline of the daily up channel from May, lower daily Bollinger Band and 50% Fibonacci correction of the previous sharp upward impulse 1 from May. The upward reversal from this support zone started the active minor impulse wave 3. USD/JPY is expected to rise further toward the next buy target at the next resistance level 113.00 (top of the previous impulse 1).

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