USD/JPY: confirmed 'High Wave'

USD/JPY: confirmed 'High Wave'

2008usdjpyH4.png

There's a 'High Wave', which has been confirmed enough. So, the market is likely going to test the Moving Averages again. At the same time, these lines could be a departure point for another bearish rally.

2008usdjpyH1.png

The price has reached the 34 Moving Average, but there's still no any reversal pattern so far. Therefore, the market is likely going to test the next resistance at 110.85 in the short term.

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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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