USD/JPY: there isn't any reversal pattern so far

USD/JPY: there isn't any reversal pattern so far


The price has been rising since a "High Wave" pattern formed at the last local low. Meanwhile, there isn't any bearish pattern so far, which means the market is likely going to test the upper "Window". If a pullback from this level happens, we could have a bearish correction.


Bulls faced a resistance area, but we still don't have any bearish pattern. So, we could have the price a little bit higher in the coming hours. However, if we see any reversal pattern later on, there'll be time to have a downward correction.



AUD/USD on its way to reach new highs

AUD/USD has been trading in a rebound made from the 200 SMA at H1 chart, which is helping to strengthen the bullish bias across the board and put the pair in the scenario to reach the Fibonacci zone of -23…


Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

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