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

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

2107usdjpyH4-1.png

The upper "Window" acted as resistance, so there's a bearish "Harami", which has been confirmed. In this case, the pair is likely going to decline in the direction of the closest support.

2107usdjpyH1-1.png

The 34 Moving Average acted as resistance, so there are bearish patterns such a "High Wave" and a "Tweezers". Also, we've got a "Three Methods" pattern. Under this circumstance, the price is likely going to test the lower "Window" soon.

jpy

Similar

GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...

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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