USD/JPY: last high going to be broken

USD/JPY: last high going to be broken


The 21 Moving Average is acting as support, so the price is likely going to test the nearest resistance. If a pullback from this level arrives, there'll be a green light for a local decline.


There's a bullish "Harami", which has been confirmed. In this case, the last high is likely going to be broken soon. If any reversal pattern forms, later on, bears will have a chance to test the nearest support levels.




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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