USD/JPY:  bullish "High Wave"

USD/JPY: bullish "High Wave"


There's a bullish "High Wave" at the last low. Considering confirmation of this pattern, there's an opportunity to have an upward price movement towards the 21 Moving Average. If a pullback from this line happens, we could have just another decline.


The lower "Window" has acted as support, so we've got a "Harami" pattern on this level. The main intraday target is the 34 Moving Average, which could be a departure point for a local correction at least.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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