USD/JPY: "Three Methods" pattern

USD/JPY: "Three Methods" pattern


We've got a bullish "Engulfing", which has been confirmed. Also, there isn't any reversal pattern so far, which means the pair is likely going to continue moving up in the short term.


There's a "Three Methods" pattern, so bulls have broken the nearest "Window". Therefore, the market is likely going to continue moving up until any bearish pattern arrives.



EURUSD: bearish "High Wave"

We could have a local downward correction towards the nearest support. If a pullback from this area happens...


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

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