USD/JPY: 'Shooting Star' pattern

USD/JPY: 'Shooting Star' pattern

2604usdjpyH4 (2).png

There's a bearish 'Doji', so the market is likely going to test the lower 'Window'. A pullback from this level could be a starting point for an upward price movement towards the upper 'Window'.

2604usdjpyH1 (2).png

The last 'Shooting Star' pattern points to an opportunity to have a downward correction. So, we should keep on track the 55 Moving Average as an intraday bearish target.



Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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