USD/JPY: lower 'Window' acted as support

USD/JPY: lower 'Window' acted as support

2307usdjpyH4.png

The lower 'Window' acted as support, so there's a 'Morning Star' pattern. Therefore, the pair is likely going to reach the closest resistance at 111.87, which could be a starting point for another decline towards the next support at 110.20.

2307usdjpyH1.png

There's a bullish 'High Wave', so there's an opportunity to have an intraday upward correction. In this case, we should keep an eye on the nearest resistance at 111.87 as the next intraday target.

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