USD/JPY: no any reversal pattern so far

USD/JPY: no any reversal pattern so far

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The 34 Moving Average is acting as support, but there isn't any reversal pattern so far. So, the last high is likely going to be broken in the coming hours. If any bearish pattern arrives little later on, there'll be time for a bearish correction.

0311usdjpyH1 (1).png

The lower "Window" has acted as support once again. Meanwhile, there isn't any bearish pattern for now. In this case, the market is likely going to climb even higher in the coming hours.



EUR/USD inside a key support area

The EUR/USD pair was smashed during Friday’s session amid a strong USD across the board, helping to push the pair towards the Fibonacci zone of 65% at 1…

USD/JPY: bullish "Engulfing"

We could have just a local correction towards the Moving Averages. If a pullback from these lines happens little later on...



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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