USD/JPY: no any reversal pattern so far

USD/JPY: no any reversal pattern so far

0205usdjpyH4 (1).png

The pair is approaching the upper 'Window', but there isn't any reversal pattern so far. Anyway, if a pullback from the 'Window' forms little later on, there'll be a green light for a downward correction.

0205usdjpyH1 (1).png

There's a bearish 'Harami', so the market is likely going to test the 34 Moving Average. If this line acts as support, bulls will probably try to deliver a new local high.




EUR/USD: euro hung on Tenkan-Kijun

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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