USD/JPY: pair to test Moving Averages

Read the article on FBS website

1008usdjpyH4.png

There's a bullish 'High Wave', so the pair is likely going to test the Moving Averages. A pullback from these lines could be a starting point for another decline towards the lower 'Window' (110.20).

1008usdjpyH1.png

We've got a bullish 'Harami', which has been confirmed. So, the 34 Moving Average is likely going to act as resistance. If a pullback from this line forms next, bears will probably test the lower 'Window' (110.82) once again.

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.