USD/JPY: bearish 'Engulfing'

USD/JPY: bearish 'Engulfing'

1604usdjpyH4 (1).png

There's a bearish 'Engulfing', which has been confirmed enough. However, if the 144 Moving Average acts as support, the market is likely going to test the upper 'Window' shortly.

1604usdjpyH1 (1).png

We've got a bullish 'Hammer', which has been formed on the 55 Moving Average. At the same time, the nearest support is likely going to be tested once again in the short term.



Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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