USD/JPY: 'Three Methods' led bullish rally

USD/JPY: 'Three Methods' led bullish rally

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The last 'Three Methods' pattern led to the current bullish rally. There's no any reversal pattern so far, which means the market could continue moving up. At the same time, a bearish correction is right around the corner.

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There's an 'Inverted Hammer', so the price is rising. It's likely that the market is going to test the nearest resistance area, which could be a departure point for a downward correction.



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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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