USD/JPY:  "Harami" and "Three Methods"

USD/JPY: "Harami" and "Three Methods"


There are bullish patterns such a "Harami" and a "Three Methods", which both have been confirmed. So, the market is likely going to reach the 55 Moving Average in the short term.


The price reached the 55 Moving Average, but we don't have any reversal pattern so far. In this case, the price is likely going to continue moving up during the day. However, we could have a local bearish correction in the next few hours.




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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