USD/JPY: 34 MA acted as resistance once again

USD/JPY: 34 MA acted as resistance once again

2508usdjpyH4-1.png

The 34 Moving Average has acted as resistance once again, so there's a bearish "Harami", but this pattern hasn't been confirmed yet. Therefore, the lower "Window" is likely going to act as support, which means we could have a new local high pretty soon.

2508usdjpyH1-1.png

The last bearish "Harami" hasn't been confirmed enough, so it seems like we could have just a local decline. In this case, we should keep an eye on the upper "Window" as an intraday bullish target.

jpy

Similar

GBP/USD: 'V-Top' pattern

It's likely that the pair is going to test the next support at 1.2994 - 1.2977. A pullback from this area could be a departure point for...

gbp

Popular

EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera