USD/JPY: "Shooting Star" pattern

USD/JPY: "Shooting Star" pattern

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We've got a "Shooting Star", but this pattern hasn't been confirmed yet. In this case, the market is likely going to test the nearest support area. Anyway, bulls will probably try to test the upper "Window" afterwards.

0801usdjpyH1 (1).png

There's a bearish "Harami", which has been confirmed, so the pair is likely going to test the 34 Moving Average. If a pullback from this line happens, there'll be an opportunity to have another bullish price movement.




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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