USDJPY is declining under the Moving Averages

1603usdjpyH4 (1).png

The price is declining under the Moving Averages. The main intraday target is the lower "Window". If a pullback from this level happens, there'll be a moment for an upward correction.

1603usdjpyH1 (1).png

The last "Shooting Star" pattern led to the current decline. However, if any reversal pattern forms, there'll be an opportunity to have a bullish correction towards the Moving Averages.

jpy

Galya Svetlova

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Latest news

02.02.2018 13:07 EUR/USD: "Tweezers" on 34 Moving Average

There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...

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10.01.2018 20:43 GBP/JPY reversed from resistance zone

GBP/JPY reversed from resistance zone Next sell target - 149…

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01.05.2018 11:00 EUR/USD: no any reversal pattern so far

If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...

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