USD/JPY: "High Wave" pattern

USD/JPY: "High Wave" pattern

2303usdjpyH4 (1).png

There's a bullish "High Wave", so we're likely going to have an upward correction soon. However, if a pullback from the Moving Averages happens little later on, there'll be an opportunity to have another decline.

2303usdjpyH1 (1).png

The last bullish "Hammer" has been confirmed, so the price is rising. It's likely that the market is going to test the Moving Averages, which could be a departure point for a decline.



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.


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