USD/JPY: still no any reversal pattern

USD/JPY: still no any reversal pattern

2004usdjpyH4 (1).png

There's still no any reversal pattern. In this case, the market is likely going to test the upper 'Window', which could be a starting point for a bearish correction.

2004usdjpyH1 (1).png

We've got a bearish 'Harami', so there's an option to have a correction towards the Moving Averages. Even so, if a pullback from these lines forms afterwards, there'll be a moment for another bullish rally.



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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