USD/JPY: local bearish 'Harami'

USD/JPY: local bearish 'Harami'


The last bearish 'Harami' hasn't been confirmed enough. So, if a pullback from the 34 Moving Average happens little later on, bulls are likely going to test the upper 'Window' (110.92).


There's a 'Shooting Star', so the price is declining. It's likely that the pair is going to test the nearest support at 110.20. A pullback from this level could be a starting point for another bullish rally.



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...


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