USD/JPY: "Shooting Star" led to decline

USD/JPY: "Shooting Star" led to decline

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The last "Shooting Star" led to the current decline. The main intraday target is the lower "Window". If a pullback from this level happens little later on, there'll be a moment for an upward correction.

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The price has been declining since a bearish "Harami" formed on the Moving Averages. There's no any reversal pattern so far, which means the market is likely going to continue moving down in the short term.



GBP/USD: "Thorn" pattern

The market is going to test the closest support at 1.4069 - 1.4027. If a pullback from these area happens little later on...



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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