USD/JPY: 'Belt Hold' on the lower 'Window'

USD/JPY: 'Belt Hold' on the lower 'Window'

0910usdjpyH4.png

There's a 'Belt Hold', which has been formed on the lower 'Window'. However, the 55 Moving Average is likely going to act as support. A pullback from this line could be a departure point for a bullish price movement in the direction of the next resistance at 110.83.

0910usdjpyH1.png

The pair is consolidating under the Moving Averages. Also, there's a 'Belt Hold', which hasn't been confirmed enough. So, the pair is likely going to test the nearest support at 110.27 once again. If a pullback from this level happens little later on, we should keep an eye on the upper 'Window' (110.83) as the next target.

jpy

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera