USD/JPY: 'Shooting Star' points to correction

USD/JPY: 'Shooting Star' points to correction


There's a 'Shooting Star', so the market is likely going to test the closest support at 110.80. A pullback from this line could be a starting point for another bullish price movement.


We've got a 'Harami' pattern, which has been confirmed enough. So, the price is likely going to test the lower 'Window' (110.80). If a pullback from this level happens next, there'll be a moment to have a bullish price movement in the direction of another resistance.



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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