USD/JPY: bearish "Engulfing"

USD/JPY: bearish "Engulfing"

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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.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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