USD/JPY: bullish "Harami"

USD/JPY: bullish "Harami"

1011usdjpyH4 (1).png

There's a bullish "Harami", but confirmation of this pattern is a quite weak. So, if a pullback from the nearest resistance happens little later on, we could have just another decline.

1011usdjpyH1 (1).png

The price is consolidating under the lower "Window". Previously, we have a bullish "Doji" pattern, which pushed the price higher. It seems like we're about to have another test of the Moving Averages, which could be a departure point for a decline towards the next "Window".




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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