USD/JPY: broken "Window" and bearish candles

USD/JPY: broken "Window" and bearish candles


Bears have broken the "Window", so the price achieved the 144 Moving Average. Therefore, this broken "Window" is likely going to act as resistance in the coming hours. If we see a pullback from this level, bears will try to push the pair even lower.


There isn't any reversal pattern on the one-hour chart, so all last candles are bearish. In this case, the current decline is going to be continued until any bullish pattern arrives.




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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