September 22, 2020 at 03:09PM
• USDJPY reversed from support zone
• Likely to rise to 105.20
USDJPY recently reversed up from the support zone located between the key support level 104.20 (monthly low from July) and the lower daily Bollinger Band.
The upward reversal from this support zone created the daily Japanese candlesticks reversal pattern Hammer.
USDJPY is expected to rise further toward the next resistance level 105.20 (low of the previous short-term correction (b) from the middle of August).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/usdjpy-wave-analysis-22-september-2020-20200922/
Selected by fonecable.com
Search Web: USDJPY Wave Analysis 22 September, 2020
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?
