NZD/USD reversed from support zone
NZD/USD reversed from support zone Next buy target - 0…
USD/JPY: 'Shooting Star' led to decline
There are the 'Engulfing' and 'Hanging Man' patterns, which both have been formed at the last local high. So, there's an opportunity to have a local bearish correction. In this case, we should keep an eye on the nearest support at 109.86. A pullback from this level could be a departure point for another upward price movement towards the upper 'Window' (110.77).
The price is declining because of the last 'Shooting Star'. The main intraday target is the closest support at 109.87. If we have a pullback from this level little later on, there'll be a moment to have a bullish price movement in the direction of the next resistance at 110.77.
Galya Svetlova
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AUD/USD reversed from support area
AUD/USD reversed from support area Next buy target - 0…
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