USD/JPY: bearish "High Wave" pattern

USD/JPY: bearish "High Wave" pattern

2212usdjpyH4 (1).png

We've got a "Shooting Star", which has been formed at the last local high. In this case, we should keep an eye on the Moving Averages as the next intraday target. If a pullback from these lines happens, there'll be an opportunity to have another upward price movement.

2212usdjpyH1 (1).png

The last bearish "High Wave" pattern has been confirmed by the "Three Methods". So, the pair is likely going to test the 144 Moving Average in the short term.



GBP/JPY: 'Flag' pattern

There's a confirmed 'Double Top' pattern, which pushed the market lower. Also, it seems like we're going to have...

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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