USD/JPY: bearish "Three Methods" pattern

USD/JPY: bearish "Three Methods" pattern

1403usdjpyH4 (1).png

There's a confirmed bearish "Harami", so the price is declining. Meanwhile, if a pullback from the nearest support area happens, there'll be time for an upward correction.

1403usdjpyH1 (1).png

We've got a bearish "Three Methods" pattern, so the price is likely going to test the closest support. At the same time, if a pullback from this level forms afterwards, bulls will probably try to achieve the upper "Window".



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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