USD/JPY: price fixated under "Window"

USD/JPY: price fixated under "Window"


There are a "Hammer" and a "Harami", but both patterns remain unconfirmed. The 144 Moving Average is acting as resistance. In this case, bears are likely going to continue pushing the price lower.


The pair has fixated under the "Window", so the price is consolidating. Therefore, the decline is likely going to be continued, but if any bullish pattern arrives afterwards there'll be an opportunity to have a correction.



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...


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