USD/JPY: bears halted

USD/JPY: bears halted


BUY 107.85 SL 107.3 TP1 108.9 TP2 109.4 TP2 109.9

SELL 105.95 SL 106.5 TP1 104.95 TP2 103.95 TP3 102.8

On the daily chart USD/JPY, there is a short-term consolidation within the downtrend. A break of its lower bound near 106.6 will give hope to bears for the implementation of 127.2% and 161.8% targets of the AB=CD pattern.


On H1 of USD/JPY, bulls are trying to return quotations to the triangle and take the pair beyond the downtrend channel. If bulls succeed, the “Bat” pattern with the 88.6% target may be implemented.



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.


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