USD/JPY: bullish 'Three Methods' pattern

USD/JPY: bullish 'Three Methods' pattern

2404usdjpyH4.png

The market has been moving up since a 'Hammer' formed on the Moving Averages. Also, there's no any reversal pattern so far, which means the pair is going to test upper 'Window' soon.

2404usdjpyH1.png

There's a bullish 'Three Methods', so the price is rising. It's likely to have a local downward correction towards the Moving Averages during the day. A pullback from the nearest one could be a starting point for another bullish rally.

jpy

Similar

EUR/USD: bullish 'High Wave'

We're likely going to have an upward correction in the short term. Even so, bears will probably try to deliver another decline little later on...

eur

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera