USD/JPY: pair going to break the last low

USD/JPY: pair going to break the last low

2411usdjpyH4 (1).png

The price is still consolidating, but we don't have any reversal pattern so far. In this case, the pair is likely going to break the last low. If any bullish pattern forms afterwards, the 21 Moving Average will be the next target.

2411usdjpyH1 (1).png

There's resistance by the middle of the last huge black candle. Also, we don't have any confirmed reversal pattern. So, the market is likely going to continue declining.



Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.


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