USD/JPY: "Window" acted as support

USD/JPY: "Window" acted as support


The lower "Window" has acted as support, so there are bullish patterns such a "Hammer" and a "Doji". In this case, we should keep an eye on the 89 Moving Average as an intraday target, which could bring any bearish pattern afterwards.


We've got a pullback from the upper "Window", so there's a "Shooting Star". However, confirmation of this pattern is a quite weak, so we could have one more test of the "Window". If another pullback arrives later on, there'll be an opportunity to have a decline towards the Moving Averages.




Morning brief for May 30

 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…

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