USD/JPY: price testing 55 Moving Average

USD/JPY: price testing 55 Moving Average

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The price is testing the 55 Moving Average, but there's still no any reversal pattern so far. So, we could get a local correction in the short term. Nevertheless, bulls are likely going to test the 89 MA afterwards.

0903usdjpyH1 (3).png

The upper "Window" has acted as resistance, so the market is likely going to test the nearest support area. If any bullish pattern forms little later on, there'll be a moment for another upward price movement.



DAX buscando nuevos altos por encima de 12,500

El DAX ha estado favorecido por los toros en el corto plazo, tras una recuperación vivida desde los bajos del 13 de Marzo, en donde hubo una aproximación al nivel Fibonacci de 50% en 12099…



Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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