USD/JPY: 89 Moving Average acting as support

USD/JPY: 89 Moving Average acting as support


There's a bearish "Engulfing", which has been confirmed, so the price is declining. The main intraday target is the 34 Moving Average, which could be a departure point another bullish rally.


The 89 Moving Average is acting as support, so we've got a "Hammer" and a "Tweezers" on this line. However, confirmation of these patterns is a quite weak. So, we could have a local upward correction and the following decline little later on.



GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...


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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