USD/JPY: 55 MA acted as support again

USD/JPY: 55 MA acted as support again


The lower "Window" has acted as support, so the pair is likely going to test the nearest resistance. If any bearish pattern forms little later on, there'll be an opportunity to have a decline towards the Moving Averages.


The 55 Moving Average has acted as support once again. Also, there isn't any reversal pattern so far. Therefore, bulls are likely going to continue pushing the price higher in the short term.



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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