USD/JPY: 144 MA going to act as support

USD/JPY: 144 MA going to act as support

0510usdjpyH4-1.png

The price is consolidating above the "Window", which is likely going to act as support once again soon. If a pullback from the 34 Moving Average happens, there'll be an opportunity to have another upward price movement.

0510usdjpyH1-1.png

There's a "Shooting Star", so the price is declining. Also, there isn't any reversal pattern so far. The 144 Moving Average is likely going to act as support. If so, bulls will probably try to deliver another rally.

jpy

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