USD/JPY: bullish 'Three Methods' pattern

USD/JPY: bullish 'Three Methods' pattern

There's a bullish 'Hammer', which led to the current upward price movement. Also, we've got a bullish 'Three Methods' pattern, which has been confirmed. The Moving Averages are acting as resistance, but there's no any bearish pattern so far. In this case, it's likely that the pair is going to test the upper 'Window' (111.62) in the coming days. The subsequent pullback from this level could be a starting point for a decline towards the lower 'Window' (109.41).




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GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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