USD/JPY: 'High Wave' pushed price higher

USD/JPY: 'High Wave' pushed price higher

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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.




Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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