USD/JPY: "Shooting Star"

USD/JPY: "Shooting Star"

0502usdjpyH4 (1).png

There's a "Shooting Star", which hasn't been confirmed yet. So, the pair is likely going to test the 89 Moving Average, which could act as resistance.

0502usdjpyH1 (1).png

We've got a bearish "High Wave", which has been confirmed by the last "Three Methods" pattern. Therefore, the price is likely going to test the 21 Moving Average during the day.

jpy

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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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