USD/JPY: 'Morning Star' pattern

USD/JPY: 'Morning Star' pattern

2505usdjpyH4 (2).png

There's a 'Morning Star', so the pair is going to test the upper 'Window' shortly. A pullback from this level could be a starting point for another decline.

2505usdjpyH1 (2).png

The last bullish 'Engulfing' led to the current upward correction. It's likely that after a short break the market is going to test the upper 'Window'.

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EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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