USD/JPY: bullish "Morning Star"

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USD/JPY: bullish

The 34 Moving Average has acted as a resistance, so we’ve got a “High Wave” on this line. However, there’s also a “Morning Star”. Under this circumstances, the 34 Moving Average is likely going to be tested again in the short term.

USD/JPY: bullish

We’ve got a bullish “Engulfing”, which has been confirmed enough. Moreover, there’s also a “High Wave” pattern, which was formed at the last low. Therefore, the market is likely going to test the nearest “Window” shortly.

FBS Analyst Team

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