USD/JPY: pullback from the 'Window'

USD/JPY: pullback from the 'Window'

2905usdjpyH4 (1).png

There's a pullback from the 'Window', so the price is likely going to test the nearest Moving Averages. A pullback from these lines could be a starting point for another decline.

2905usdjpyH1 (1).png

We've got a bullish 'Engulfing', so we're going to have an upward correction. Meanwhile, if a pullback from the 34 or 55 Moving Average happens little later on, there'll be a moment to wave a decline towards the next support area.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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