USD/JPY: upper "Window" acted as resistance

Read the article on FBS website

1112usdjpyH4 (1).png

The upper "Window" has acted as resistance, so there's a bearish "Harami" at the last high. Therefore, the pair is likely going to test the 21 Moving Average in the short term. If a pullback from this line happens afterwards, we could have another bullish price movement.

1112usdjpyH1 (1).png

We've got a bearish "Harami", which has been confirmed, so the price is declining. The main intraday target is the 55 Moving Average. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards the last high.

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.