USD/JPY:  bearish "Engulfing"

USD/JPY: bearish "Engulfing"


The 55 Moving Average has acted as resistance, so there's a bearish "Engulfing". However, we also have a bullish "Doji", so there's time for a local upward correction. Anyway, bears are likely going to test the last low in the short term.


The price has reached the 34 MA, but we don't have any reversal pattern so far. Therefore, bulls are likely going to test the middle of the black candle's group during the day. If any bearish pattern arrives afterwards, there'll be an opportunity to have another decline.



EUR/USD inside a key support area

The EUR/USD pair was smashed during Friday’s session amid a strong USD across the board, helping to push the pair towards the Fibonacci zone of 65% at 1…

USD/JPY: bullish "Engulfing"

We could have just a local correction towards the Moving Averages. If a pullback from these lines happens little later on...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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