USD/JPY: "Tower" pushed the price lower

USD/JPY: "Tower" pushed the price lower


The last "Tower" pattern pushed the price lower. It seems like we're going to have a local correction in the short term. Nevertheless, bears are likely going to reach the lower "Window" afterwards.


There's a "High Wave" pattern at the last high. However, bulls are likely going to test the 89 Moving Average. If we have a pullback from this line, there'll be an opportunity to have just another decline.



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GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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