USD/JPY: no any reversal pattern so far

USD/JPY: no any reversal pattern so far

1901usdjpyh4 (1).png

The 21 Moving Average has acted as resistance, so there's a "Shooting Star" pattern. In this case, we should keep an eye on the lower "Window" as the next bearish target.

1901usdjpyh1 (1).png

There's no any reversal pattern so far, cause all the last candles are bearish. Meanwhile, it's likely that bulls are going to test the 34 Moving Average. If a pullback from this line happens, there'll be a moment to have another decline.



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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