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.

jpy

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera