NZD/JPY falling inside minor impulse wave C Next sell target - 76…
USD/JPY: bearish "Harami"
We've got a bearish "Harami", but confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the upper "Window", which could be a departure point for a downward correction.
The price is still consolidating. The 21 Moving Average is acting as support. It seems like we're going to have a new local high in the coming hours. If any bearish pattern forms afterwards, there'll be a moment to have a decline.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.