USD/JPY: "Window" is waiting for bulls

USD/JPY: "Window" is waiting for bulls

USD/JPY: "Window" is waiting for bulls

There’re an “Engulfing” and a “Tweezers”, but both patterns have a weak confirmation. Therefore, bulls are likely going to test the nearest resistance in the short term. If a pullback from this level happens, there’ll be an opportunity to have a new low.


USD/JPY: "Window" is waiting for bulls

The last “Tweezers” led to an upward price movement, so the price achieved the Moving Averages. Also, there’s a “Harami”, so bears are likely going to deliver a local correction during the day. Nevertheless, bulls will probably try to reach the nearest “Window” afterwards.



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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