USD/JPY: "Shooting Star" pattern

USD/JPY: "Shooting Star" pattern

2912usdjpyH4 (1).png

There's a bearish "Three Methods" pattern. At the same time, there's no any reversal pattern so far. Therefore, the price is likely going to continue declining towards the lower "Window".

2912usdjpyH1 (1).png

We've got a "Shooting Star" pattern, which has been formed at the last local high. In this case, the pair is likely going to decline until any bullish pattern forms.

jpy

Similar

Popular

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…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera