USD/JPY: bears going to push price lower

USD/JPY: bears going to push price lower


There's a "Shooting Star", which has been formed on the 144 Moving Average. Also, there's a local bullish "Harami", so the market is likely going to test the nearest resistance, which could be a departure point for a decline toward the lower "Window".


We've got bullish patterns such a "Tweezers" and a "High Wave", but both of them have a quite week confirmation. Therefore, if a pullback from the upper "Window" happens, bears are likely going to push the price lower.



GBP/USD: bullish "Flag"

The pair is going to continue moving up in the direction of another resistance at 1.4144 - 1.4277...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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