EUR/USD reversed from support zone Next buy target - 1…
USD/JPY: "Window" acted as support
The lower "Window" has acted as support, but there isn't any bullish pattern so far. However, we could have a local upward correction, but bears are likely going to continue to push the price even lower afterwards.
The price is still declining, but there's a bullish "Hammer" at the local low. Meanwhile, this pattern hasn't been confirmed yet, so there's an option to have just a local correction. Therefore, we're likely going to have another decline pretty soon.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
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…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.