USD/JPY: 144 MA acting as resistance

USD/JPY: 144 MA acting as resistance

0604usdjpyH4 (1).png

The 144 Moving Average is acting as resistance, so the price is likely going to test the upper 'Window'. However, if a pullback from this level happens afterwards, there'll be time for a downward correction.

0604usdjpyH1 (1).png

There's a bullish 'Hammer', so the price is rising. At the same time, we've got a bearish 'High Wave', so we could have a local correction in the short term. Nevertheless, we're likely going to have a new local high little later on.



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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