USD/JPY: pair to test Moving Averages

USD/JPY: pair to test Moving Averages


There's a bullish 'High Wave', so the pair is likely going to test the Moving Averages. A pullback from these lines could be a starting point for another decline towards the lower 'Window' (110.20).


We've got a bullish 'Harami', which has been confirmed. So, the 34 Moving Average is likely going to act as resistance. If a pullback from this line forms next, bears will probably test the lower 'Window' (110.82) once again.



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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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