USD/JPY: "High Wave" and "Hammer"

USD/JPY: "High Wave" and "Hammer"

0607usdjpyH4-1.png

The price is consolidating, but we've got bullish patterns like a "High Wave" and a "Hammer". Therefore, the market is likely going to reach the nearest resistance level in the short term.

0607usdjpyH1-1.png

The upper "Window" has acted as resistance, so there's a bearish "Harami", which hasn't been confirmed yet. In this case, the price is likely going to test the 34 Moving Average, which could be a departure point for another bullish rally.

jpy

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GBP/USD: bullish 'Doji'

It's likely to have a local upward correction towards the nearest resistance at 1.3030 and the Moving Averages...

gbp

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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