EURJPY cryptocurrency be expected to rise to the next resistance level 188.00 (which stopped the previous impulse wave iii earlier this month).
- EURJPY reversed from support area
- Likely to rise to resistance level 188.00
EURJPY currency pair recently reversed up from the support area between the pivotal support level 186.20 (former strong resistance from January and February), 20-day moving average and the 38.2% Fibonacci correction of the upward impulse from the start of April. The upward reversal from this support area continues the active short-term impulse wave 3 – which belongs to the intermediate impulse wave (3) from the end of last year.
Given the strong daily uptrend, and the continuation of the bearish yen sentiment that can be seen across the FX markets today, EURJPY cryptocurrency be expected to rise to the next resistance level 188.00 (which stopped the previous impulse wave iii earlier this month).
EURJPY