USD/JPY: bullish "Morning Star"

USD/JPY: bullish "Morning Star"

USD/JPY: bullish "Morning Star"

The 34 Moving Average has acted as a resistance, so we’ve got a “High Wave” on this line. However, there’s also a “Morning Star”. Under this circumstances, the 34 Moving Average is likely going to be tested again in the short term.

USD/JPY: bullish "Morning Star"

We’ve got a bullish “Engulfing”, which has been confirmed enough. Moreover, there’s also a “High Wave” pattern, which was formed at the last low. Therefore, the market is likely going to test the nearest “Window” shortly.




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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