USD/JPY: bearish "Tower"

Read the article on FBS website

1311usdjpyH4 (1).png

The 21 & 34 Moving Averages are acting as resistance, so there's a bearish "Harami" pattern, which has been confirmed enough. Therefore, the price is likely going to get support on the lower "Window" in the short term.

1311usdjpyH1 (1).png

The price has been consolidating under the Moving Averages. Also, there's a bearish "Tower", which has been confirmed by the last "Three Methods" pattern. So, the market is likely going to continue declining during the day.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.