USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/JPY: upper 'Window' acting as resistance
There's still no any reversal pattern so far, so the pair is likely going to reach the next resistance at 111.15. This level could be a starting point for a decline towards the 89 Moving Average.
The upper 'Window' is acting as resistance, so that's why there's a 'Three Methods' pattern. In this case, if the 89 Moving Average acts as support, there'll be a moment to wave an upward price movement in the direction of 111.15.
Galya Svetlova
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Latest news
USDJPY is in a correction after checking the local support level.
The US dollar is currently in a correction, but is likely to continue the trend down.
USD/CAD faces some difficulties
USD/CAD formed a “gravestone doji” candlestick on the W1 ahead of the 50-week MA (1.3280). Learn more!
The outlook for the GBP
The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?
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