Technical levels of AUD/CAD
USD/JPY rising inside minor impulse wave 3
- USD/JPY rising inside minor impulse wave 3
- Next buy target - 112.00
USD/JPY continues to rise inside the minor impulse wave 3 which recently broke through the strong resistance level 111.00 (which has been repeatedly reversing the price from the middle of May, as can be seen below). The breakout of this resistance level accelerated the active minor impulse wave 3 – which belongs to the intermediate impulse wave (3) from the end of May. USD/JPY is expected to rise further toward the next buy target at the next resistance level 112.00 (target price for the termination of the active impulse wave (iii)).
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...