USD/JPY: "Tweezers" pattern

USD/JPY: "Tweezers" pattern

0911usdjpyH4 (1).png

There isn't any reversal pattern, so the price is still declining. Therefore, the market is likely going to continue moving down until any bullish candle pattern arrives.

0911usdjpyH1 (1).png

The last "Tweezers" pattern pushed the price lower. All the last candles are black, so we could see the pair even lower in the coming hours. The main intraday target is the lower "Window", which could be a departure point for an upward correction.

jpy

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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