USD/JPY: Moving Averages acted as resistance

USD/JPY: Moving Averages acted as resistance


All the Moving Averages have acted as resistance, so the price is declining. The main intraday target is the lower 'Window' (110.20). If a pullback from this level happens next, we're going to have a bullish correction.


There's a bullish 'Tower', but confirmation of this pattern isn't enough. So, the closest 'Window' (110.76) is going to act as support once again. If so, we should keep an eye on the 34 Moving Average as an intraday target.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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