USD/JPY: no any reversal pattern so far

USD/JPY: no any reversal pattern so far

0311usdjpyH4 (1).png

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.




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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