USD/JPY: opportunity to have correction

USD/JPY: opportunity to have correction

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The price has been declining since the last "Harami" formed. At the same time, there's an opportunity to have an upward correction. However, if the 34 Moving Average acts as resistance, there'll be an opportunity to have another decline.

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There's a "High Wave", which has been formed at the local high. It's likely that the pair is going to test the Moving Averages, which could be a departure point for a decline.



Latest news

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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