USD/JPY: 144 MA going to act as support

USD/JPY: 144 MA going to act as support


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.


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.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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