0
0
June 09, 2021 at 04:05PM
• EURJPY reversed from support zone
• Likely to rise to resistance level 134.00
EURJPY currency pair recently reversed up from the support zone lying between the key support level 132.80 and the 38.2% Fibonacci correction of the upward from the start of May.
The upward reversal from this support zone stopped the previous short-term ABC correction (ii) from the end of May.
Given the sharp daily uptrend – EURJPY currency pair can then be expected to rise further toward the next resistance level 134.00 (top of the previous impulse wave (i)).
From: The FxPro News Team https://fxpro.news/technical-analysis/eurjpy-wave-analysis-9-june-2021-20210609/
Selected by fonecable.com
Search Web: EURJPY Wave Analysis – 9 June, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
