USD/JPY:  confirmed bullish 'Harami'

USD/JPY: confirmed bullish 'Harami'

0507usdjpyH4.png

There's a bullish 'Harami', which has been confirmed. However, if a pullback from the nearest resistance at 110.83 happens next, the price is likely going to reach the previously tested support at 110.27.

0507usdjpyH1.png

The pair is consolidating above the Moving Averages. It's likely that the market is going to test the next resistance at 110.83. This level could be a starting point for another decline towards the last low.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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