Tag - jpy - japanese yen

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…

The market is likely going to continue moving up in the direction of the next resistance level.

There's a correction, which is taking place around the "Window". Also, there's a bullish "Hammer", which has been confirmed.

USD/JPY has managed to strengthen to 112…

In the coming days, there will be some Japanese releases of minor importance like average cash earnings, Bank of Japan’s Summary of opinions, current account and Economy watchers’ sentiment…