USD/JPY: price consolidating under Moving Averages

USD/JPY: price consolidating under Moving Averages

3105usdjpyH4 (1).png

The price is still consolidating under the Moving Averages. There're two bullish 'Harami' patterns in a row, so the market is likely going to reach the nearest resistance, which could be a starting point for a decline towards the next 'Window'.

3105usdjpyH1 (1).png

There's a 'Harami', so we could have a local bearish correction. Even so, there's an opportunity to have another leg of the developing upward correction in the short term.

jpy

Similar

GBP/USD: another 'V-Top' pattern

The pair is going to test the nearest support at 1.2684 - 1.2661. In this case, we could have a new local low within the next few hours...

gbp

Latest news

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...

gbp

Deposit with your local payment systems

Callback

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

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