USD/JPY: 21 Moving Average acting as resistance

USD/JPY: 21 Moving Average acting as resistance

0805usdjpyH4 (1).png

The upper 'Window' acted as resistance, so there's a 'Shooting Star' pattern. Even so, if the lower 'Window' acts as support in the coming hours, there'll be an opportunity to have another bullish price movement.

0805usdjpyH1 (1).png

The 21 Moving Average is acting as resistance. Also, there's a bearish 'Three Methods' pattern. Therefore, we're likely going to have a new local low within the next few hours.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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