Technical levels of AUD/CAD
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).
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...