Tag - jpy - japanese yen

Recommendation: SELL 112 SL 112…

Recommendation: BUY 134 SL 133…

Narrowing bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen; the prices are entered into the Cloud, but supported by Senkou Span B.

The upper "Window" has acted as resistance, so there's a confirmed bearish "Harami"...

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The pair is likely going to test the upper "Window", which could be a departure point for a downward correction...

There's a bearish "Harami" at the last high. Therefore, the pair is likely going to test the 21 Moving Average in the short term...

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under the strong resistance near 113.50/60 and the market is overbought.

USD/JPY broke resistance level 112…

There isn't any reversal pattern so far. In this case, the market is likely going to continue moving up until...

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, with rising lines; the prices are under strong resistance and the market is overbought.

If a pullback from the nearest resistance happens, we could have a downward correction towards the Moving Averages...