USD/JPY: "Tweezers" and "Hammer" on the table

USD/JPY: "Tweezers" and "Hammer" on the table


The last "Tweezers" and "Hammer" are still on the table. However, the 55 Moving Average could act as support once again. If so, bulls are likely going to deliver a new local high.


We've got a bearish "Tweezers", which has been confirmed enough. Therefore, the pair is likely going to test the lower "Window". If we have a pullback from this level, there'll be an option to have another bullish rally.




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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