USD/JPY: "Three Methods" pattern

USD/JPY: "Three Methods" pattern

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We've got a bearish "Doji", so the price is declining. The main intraday target is 55 Moving Average. If a pullback from this line happens, we could have just another bullish price movement.

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There's a "Three Methods" pattern, but also the 55 MA acted as support, so we could have a local upward correction in the short term. If any bearish pattern arrives little later on, we should keep an eye on the lower "Window" as an intraday target.

jpy

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USD/JPY: dollar is corrected to Kijun-sen

Expanding  bullish Ichimoku Cloud with rising Senkou Span A; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are returned to the support of Tenkan and Kijun and may go higher.

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USD/JPY: dollar can’t breakout SSA’s resistance

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.

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