USD/JPY: 55 Moving Average acting as support

USD/JPY: 55 Moving Average acting as support

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The 55 Moving Average is acting as support, but there're bearish patterns like a "Doji" and a "Shooting Star". So, we're likely going to have a local bearish correction in the short term. At the same time, there's an opportunity to have another bullish price movement afterwards.

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We've got a "Doji" and a "Harami", which have been formed at the last high. Considering that both patterns have confirmation, the market is likely going to test the 34 Moving Average. If a pullback from this line happens, we could have an upward price movement towards the upper "Window".




USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.


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