USD/JPY: bearish 'Three Methods' pattern

USD/JPY: bearish 'Three Methods' pattern

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The last 'Evening Star' and 'High Wave' patterns led to the current decline. The main bearish target is the 34 Moving Average, which could be a starting point for another upward price movement.

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There's a bearish 'Three Methods' pattern, but the price faced with support on the Moving Averages. In this case, we could have a local correction in the short term. Nevertheless, there's an opportunity to have another decline afterwards.



GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...


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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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