USD/JPY: price going to test "Window"

USD/JPY: price going to test "Window"


There's a bearish "Engulfing" on the 21 Moving Average, so the price is likely going to test the last low and the nearest "Window". If a pullback from this level happens, there'll be time for a local upward correction.


The 89 Moving Average has acted as resistance, so we've got an "Engulfing" pattern, which has been confirmed. Also, there isn't any bullish pattern so far, which means the market is likely going to continue moving down during the day.



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Levels to trade EUR/USD

The price action in EUR/USD has been quite unfavorable for the euro. On The W1, the 50-week MA limited the pair’s advance.

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