USD/JPY: consolidation above "Window"

USD/JPY: consolidation above "Window"


The price is still consolidating above the upper "Window". Also, there are a "Tweezers" and an "Engulfing" patterns, which both have been formed at the last high. So, bears are likely going to test the 89 Moving Average soon.


There's an opportunity to have any bullish pattern on the achieved "Window" level. If so, we're likely going to have a local upward correction. Nevertheless, bears will try to deliver another decline.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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