USD/JPY: bearish "Harami"

USD/JPY: bearish "Harami"

1212usdjpyH4 (1).png

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.

1212usdjpyH1 (1).png

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.




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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