USD/JPY: bulls going to test nearest resistance

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.




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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