USD/JPY: bearish 'Tweezers' pattern

USD/JPY: bearish 'Tweezers' pattern

1105usdjpyH4 (2).png

There's a bearish 'Tweezers' pattern, but the 34 Moving Average acted as support so that we could have a local bullish correction. Nevertheless, the pair is likely going to test the lower 'Window' afterwards.

1105usdjpyH1 (1).png

The lower 'Window' is acting as support, so we've got a 'Harami' pattern. So, the market is likely going to reach the upper 'Window', which could be a departure point for another decline.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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