USD/JPY: "Evening Star" the upper "Window"

USD/JPY: "Evening Star" the upper "Window"


The price reached the 144 Moving Average, so there's a bearish "Doji", which hasn't been confirmed enough. Therefore, we could have a local upward correction in the short term, but bears are likely going to deliver another decline afterwards.


We've got a bearish "Evening Star" on the upper "Window". Considering confirmation of this pattern, the pair is likely going to achieve the Moving Averages during the day.




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…

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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