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.




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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