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.

jpy

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GBP/USD: bullish 'Doji'

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

gbp

Latest news

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.

gbp

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