NZD/JPY falling inside minor impulse wave C Next sell target - 76…
USD/JPY: bullish "Hammer"
There's a bullish "Hammer", which has been confirmed. So, if a pullback from the lower "Window" happens little later on, there'll be an opportunity to have an intraday upward price movement.
The price is consolidating inside the "Window". Also, we've got a bullish "High Wave", so the price is likely going to test the last high. If a pullback from this level happens, there'll be an option to have another decline.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.