Technical analysis of NZD/CHF
USD/JPY: bullish correction coming soon
There still isn’t any reversal pattern so far. However, if any bullish pattern arrives on the closest support line, the pair is likely going to test the nearest resistance. Meanwhile, bears will probably try to deliver a new local low afterwards.
We’ve got a “Three Methods”, which pushed the price to the nearest support. Considering that there isn’t any reversal pattern so far, the market is likely going to continue moving down until any bullish pattern arrives.
If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...
Bearish Ichimoku Cloud with falling Senkou Span A and rising Senkou Span B; a dead cross of Tenkan-sen and Kijun-sen with falling lines.
The picture on W1 looks very much like the “Head and Shoulders” with the neckline at 3.68 or 3.56.