USD/JPY: no any reversal pattern

USD/JPY: no any reversal pattern

1502usdjpyH4 (1).png

The last "Three Methods" pattern led to the current decline. There's no any reversal pattern so far, which means the pair is going to continue declining.

1502usdjpyH1 (1).png

There's no any reversal pattern, but we could have a bullish correction. If the 34 Moving Average acts as resistance, there'll be an opportunity to have another bearish price movement.



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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