عربي


               US          Europe          Arab          Asia          Africa    
|      Politics          Economy     Oil&Energy         
                 Entertainment          Sport

EURJPY Wave Analysis 29 November 2024


11/29/2024 2:13:52 PM

(MENAFN- FxPro)

– EURJPY broke support zone

– Likely to fall to support level 156.00

EURJPY currency pair recently broke the support zone located between the support level 160.00 and the 61.8% Fibonacci correction of the upward impulse from September.

The breakout of the support level 160.00 accelerated the C-wave of the active ABC correction (2) from the end of October.

Given the clear daily downtrend, EURJPY currency pair can be expected to fall to the next support level 156.00 (which reversed the price sharply in August and September).

-p src=/wp-content/themes/fxpro_news_2019/assets/images/2024-02-820x312-2.png>

MENAFN29112024000156011031ID1108939928


FxPro

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

Tags

Label

Comments

No comment

Category

Date

More Stories

Newsletter


Search