USD/JPY: "Window" acting as support

USD/JPY: "Window" acting as support


The nearest "Window" is acting as support, which is likely going to be tested once again in the short term. If we have another pullback from the "Window", bulls will probably try to deliver a new local high.


We've got a bearish "Tower", which has been formed right below the upper "Window". So, the pair is likely going to test the 89 Moving Average during the day.




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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