USD/JPY: new high coming soon

USD/JPY: new high coming soon


There are a "High Wave" and a "Hammer", but we don't have any reversal pattern. So, the pair is likely going to continue rising towards the nearest resistance in the short term.


We've got a "Doji" and a "Shooting Star" at the last high, so bears are likely going to test the closest "Window" during the day. If a pullback from this level happens, we could have a new high shortly.



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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