USD/JPY: "Window" acted as resistance

USD/JPY: "Window" acted as resistance

3105usdjpyH4.png

Bears are still pushing the price lower, so there isn't any bullish pattern. However, if we see a pullback from the nearest support level, there'll be an opportunity to have an upward correction.

3105usdjpyH1.png

The upper "Window" has acted as resistance, so we've got bearish patterns such a "Harami" and a "High Wave". Therefore, bears are likely going to deliver a new local low in the coming hours.

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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