USD/JPY: bullish "Doji"

USD/JPY: bullish "Doji"


We've got a bullish "Doji", which has been confirmed by the last "Three Methods" pattern. So, the pair is likely going to test the 21 Moving Average, which could be a departure point for another decline.


There are bullish patterns such a "Hammer", a "Harami" and a "Doji". At the same time, the 34 Moving Averages is acting as resistance, so we could have a local downward correction in the coming hours. If a pullback from the closest support happens, bulls will probably try to deliver a new local high.




EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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