Neutral Ichimoku Cloud, Senkou Span A and B have a same value; a dead cross of Tenkan-sen and Kijun-sen, falling Tenkan-sen; the prices are on Senkou Span B.
Tag - jpy - japanese yen
There isn't any reversal pattern so far, which means the nearest support level is likely going to be tested once again.
There isn't any reversal pattern, so the current decline is going to be continued until any bullish pattern arrives.
The 21 Moving Average is acting as support, so the price is likely going to test the nearest resistance.
The market is consolidating along the "Window". Also, there's a "High Wave" pattern at the local high.
The 55 Moving Average has acted as a support, so we've got an "Inverted Hammer", which has been confirmed enough.
GBP/JPY reversed from resistance zone Next sell target - 144…
There's a "Tower' pattern. The price has reached the 34 Moving Average, so we could have a local bullish correction.
Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, rising Tenkan-sen; the prices are under strong daily resistance.
We've got a bearish "Engulfing", but a confirmation of this pattern is quite weak.
Recommendation BUY 112…
USD/JPY broke daily down channel Next buy target - 115…