USD/JPY: bearish "Engulfing"

USD/JPY: bearish "Engulfing"

0412usdjpyH4 (1).png

The price has been fixed above the "Window". Also, there isn't any reversal pattern so far. In this case, the price is likely going to continue moving up towards the next "Window".

0412usdjpyH1 (1).png

There's a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, we could have just a local correction and the following upward price movement afterwards.




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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