NZD/JPY falling inside minor impulse wave C Next sell target - 76…
USD/JPY: bulls going to test nearest resistance
The price is still rising and there isn't any reversal pattern so far. So, bulls are likely going to test the nearest resistance, which could be a departure point for a bearish correction. Anyway, we should have an eye on the next "Window" as a possible intraday target.
There's a "Shooting Star", but confirmation of this pattern is a quite weak. So, we could have an intraday downward correction and a new local high afterwards.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.