USD/JPY: 144 MA acted as support

USD/JPY: 144 MA acted as support

1204usdjpyH4 (1).png

The 144 Moving Average acted as support, so there's a 'Hammer' pattern, which has been confirmed. In this case, the market is likely going to reach the upper 'Window' in the coming hours

1204usdjpyH1 (1).png

We've got a bullish 'Harami', so the price is rising. Also, all the Moving Averages have been broken. In this case, the pair is likely going to continue moving up towards the next resistance area.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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