USD/JPY: bearish 'Tweezers'

USD/JPY: bearish 'Tweezers'

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There's a bearish 'Tweezers', so the price is declining. However, if a pullback from the Moving Averages forms afterwards, bulls are likely going to test the upper 'Window'.

0904usdjpyH1 (1).png

The 55 Moving Average has acted as support, so we've got a bearish 'Shooting Star' pattern. Therefore, the pair is likely going to continue declining in the coming hours.



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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