EUR/USD reversed from support zone Next buy target - 1…
USD/JPY: "Tweezers" pushing price higher
There's a bullish "Tweezers" pattern, so the market is likely going to test the nearest resistance. If a pullback from this level happens, bears will have a green light to achieve the 55 Moving Average.
We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to continue rising until any reversal pattern forms.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.