NZD/JPY falling inside minor impulse wave C Next sell target - 76…
USD/JPY: "Shooting Star" and "Harami"
The price is still declining. Moreover, there're a "Shooting Star" and a "Harami", which both have been confirmed. Therefore, bears are likely going to test the last low in the short term.
There isn't any bullish pattern so far, which means all last candles are bearish. In this case, the price is likely going to continue falling down until any reversal pattern forms.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.