USD/JPY: possible "Three Methods" pattern

USD/JPY: possible "Three Methods" pattern

2011usdjpyH4 (1).png

There's a possible "Three Methods" pattern, so the price is likely going to continue moving down. If any bullish pattern arrives little later on, there'll be an opportunity to have an upward correction.

2011usdjpyH1 (1).png

There's a developing bullish correction inside the main bearish trend. The 21 Moving Average is likely going to act as resistance during the day. If so, bears will probably try to deliver another decline afterwards.



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.


Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera