USD/JPY: 34 Moving Average acting as support

USD/JPY: 34 Moving Average acting as support

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The 34 Moving Average is acting as support, so there's a bullish 'High Wave' pattern. In this case, the market is likely going to test the upper 'Window' in the coming hours. A pullback from this level could be a departure point for a bearish correction.

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The price has broken all the Moving Averages. Meanwhile, if a pullback from the nearest resistance forms little later on, there'll be an opportunity to have a local downward correction towards the lower 'Window'.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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