Tag - jpy - japanese yen

The current resistance line at 109…

USD/JPY consolidated within the downtrend channel drawn from July highs…

Bearish Ichimoku Cloud with falling Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the prices are under the pressure of bearish Cloud.

The last bearish "Harami" hasn't been confirmed enough. so it seems like we could have just a local decline. So, we should...

Рекомендация: BUY 129…

There's a developing consolidation. The 34 & 55 Moving Averages are acting as resistance. In this case, the market is likely going to...

Recommendation: BUY 109…

Bulls faced resistance on the 144 Moving Average, so there's a bearish "High Wave" pattern, which has been confirmed. In this case...

Bearish Ichimoku Cloud, but Senkou Span A and B are horizontal; a dead cross of Tenkan-sen and Kijun-sen; the market has been corrected to Kijun-sen; waiting to continue of downtrend.

We've got a bullish "High Wave" and an "Engulfing". So, the price is likely going to test the 144 Moving Average, which could be...

USD/JPY remains in short- and longer-term downtrend…

We've got a local bullish "Harami", which hasn't been confirmed yet. So, the price is likely going to test the closest resistance.