USD/JPY: support by "Window"

USD/JPY: support by "Window"

0808usdjpyH4-1.png

The lower "Window" has acted as support, so we've got a local "Hammer". However, the price faced with the Moving Averages once again, which means bears are likely going to test the nearest "Window" one more time.

0808usdjpyH1-1.png

There isn't any reversal pattern so far, so all the last candles are bearish. Moreover, there's a "High Wave" pattern, which has been formed on the 55 Moving Average. So, we could have a new low pretty soon.

jpy

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EUR/USD: possible ending diagonal

We're likely going to have wave [iii] inside this pattern. So, we should keep an eye on +2/8 MM Level as the next bullish target...

USD/JPY: bearish "Harami"

The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...

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EUR/USD: "Double Top" pattern

Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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