EUR/USD: bullish 'Three Methods' pattern
We should watch the next resistance at 1.1433 as an intraday target. If a pullback from this level forms next...
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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EUR/USD: 34 Moving Average acted as resistance
The price is consolidating between the lower 'Window' and the Moving Averages. It's likely that the market is going to...
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