USD/JPY: confirmed bullish 'Doji'

USD/JPY: confirmed bullish 'Doji'

0608usdjpyH4 (1).png

There's a bullish 'Doji', which has been confirmed, so the pair is likely going to test the closest resistance at 111.67. If we have a pullback from this level, there'll be a moment to have another decline towards the lower 'Window' (110.94).

0608usdjpyH1 (1).png

There're bullish patterns such a 'High Wave' and an 'Engulfing', so the price is rising. The main intraday target is the next resistance at 111.67, which could be a starting point for a decline in the direction of another support at 110.94.



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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