USD/JPY: "Three Methods" pattern

USD/JPY: "Three Methods" pattern

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We've got a "Shooting Star", which has been confirmed enough. In this case, we should keep an eye on the 55 Moving Average as the next intraday target.

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The 34 Moving Average is acting as support. Considering that there's a "Three Methods" pattern, the market is likely going to reach the 144 Moving Average in the coming hours.




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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