USD/JPY: 'Shooting Star' on the last local high

USD/JPY: 'Shooting Star' on the last local high


There's a 'Shooting Star', which has been formed on the last local high. So, after a short break, the market is likely going to achieve the lower 'Window' (110.20).


We've got bearish patterns such a 'High Wave' and a 'Shooting Star', which both have been confirmed. In this case, we should keep an eye on the next support at 110.20 as an intraday bearish target.



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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