Ktafx

August 13, 2020 at 03:40PM

• EURJPY broke key resistance level 125.65

• Likely to rise to 127.00

EURJPY continues to rise inside the sharp upward impulse wave (iii) – which previously broke above the key resistance level 125.65 (top of the daily Evening Star from the start of August).

The breakout of the resistance level 125.65 accelerated the active nested impulse waves (iii), 5 and (C).

EURJPY is likely to rise further toward the next resistance level 127.00 (likely price for the completion of the active impulse wave (iii)).

Continue Reading…

From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/eurjpy-wave-analysis-13-august-2020-20200813/
Selected by fonecable.com

euro
Search Web: EURJPY Wave Analysis – 13 August, 2020

Recent Posts

euro

Leave a Reply

Your email address will not be published. Required fields are marked *