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EURJPY reversed from support zone Likely to rise to resistance level 162.50 EURJPY currency pair recently reversed up sharply from the support zone located between the multi-month support level 154.30 (which has been reversing the price from October) and the lower daily Bollinger Band. The upward reversal from the support zone created the daily candlesticks […]

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EURJPY Wave Analysis

EURJPY under strong bearish pressure Likely to fall to support level 163.10 EURJPY under the strong bearish pressure after the price reversed down from the major multi-year resistance level 170.00 (which started the sharp weekly downtrend back in 2007). The resistance level 170.00 was strengthened by the upper daily Bollinger Band and by the resistance […]