USD/JPY: "Shooting Star" pattern

USD/JPY: "Shooting Star" pattern

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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.




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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