USD/JPY: "Window" acted as resistance

USD/JPY: "Window" acted as resistance

2202usdjpyH4 (2).png

The upper "Window" acted as resistance, so there's an "Engulfing" pattern. In this case, we're likely going to have a bearish correction in the short term. Nevertheless, bulls will probably try to test the "Window" once again afterwards.

2202usdjpyH1 (2).png

The price has reached the 55 Moving Average, but there's still no any reversal pattern. So, the pair is likely going to continue moving down in the coming hours in the direction of the next support area.



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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