USD/JPY: "Window" going to act as resistance

USD/JPY: "Window" going to act as resistance

3110usdjpyH4-1.png

The 55 Moving Average has acted as support, so there are a "Hammer" and a "Doji" patterns on this line. So, the upper "Window" is likely going to act as resistance in the short term. If a pullback from this level happens little later on, there'll be an opportunity to have just another decline.

3110usdjpyH1-1.png

The price has been rising since an "Inverted Hammer" formed at the local low. So, bulls are likely going to reach the next "Window" in the coming hours. If a pullback from this level arrives, bears will try to deliver a downward price movement in the direction of the lower "Window".

jpy

Similar

EUR/USD: bearish 'High Wave'

We should keep an eye on the lower 'Window' as the next intraday target. A pullback from this level could be a starting point for...

eur

Popular

Morning brief for June 2

Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera