USD/JPY: upper 'Window' acted as resistance

USD/JPY: upper 'Window' acted as resistance

0305usdjpyH4 (1).png

The upper 'Window' has acted as resistance, so there's a 'Shooting Star' pattern. In this case, the pair is likely going to test the 34 Moving Average, which could be a departure point for another bullish rally.

0305usdjpyH1 (1).png

The last 'Harami' led to the current decline. It's likely that the pair is going to test the nearest 'Window'. If it acts as support, there'll be a moment to have a new local high.



Latest news

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.


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