USD/JPY: bears went through "Window"

USD/JPY: bears went through "Window"

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The nearest "Window", which acted as support, has been broken. Considering that there's no any reversal pattern, the price is likely going to continue declining.

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The price has been declining since the last "Shooting Star" pattern arrived. If any bullish pattern forms in the coming hours, there'll be an opportunity to have an upward correction.




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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