USD/JPY: bulls going to test MA

USD/JPY: bulls going to test MA


We've got a "Hammer" at the last local low, but a confirmation of this pattern is a quite weak. So, the price is likely going to test the 55 Moving Average in the coming hours. However, if a pullback from this line arrives afterwards, bulls will probably try to test the nearest resistance.


The 34 Moving Average has acted as resistance, but we've got a bullish "Harami", which hasn't been confirmed yet. Therefore, the pair is likely going to test the closest resistance, which could be a departure point for another bearish price movement.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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