USD/JPY: 'High Wave' pushed price higher

USD/JPY: 'High Wave' pushed price higher

0105usdjpyH4 (1).png

The pair has been rising since the last 'High Wave' pattern was formed. The main intraday target is the upper 'Window', which is likely going to be a starting point for a downward correction.

0105usdjpyH1 (1).png

The last 'Harami' led to the current upward price movement. There's no any reversal pattern so far, which means the market is likely going to continue moving up during the day.

jpy

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EUR/USD: bullish 'Hammer' pattern

The pair is likely going to reach the nearest resistance at 1.1386. If a pullback from this level happens next, bears will probably try to test...

eur

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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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