USD/JPY: "Window" is waiting for bulls

Read the article on FBS website

USD/JPY:

There’re an “Engulfing” and a “Tweezers”, but both patterns have a weak confirmation. Therefore, bulls are likely going to test the nearest resistance in the short term. If a pullback from this level happens, there’ll be an opportunity to have a new low.

 

USD/JPY:

The last “Tweezers” led to an upward price movement, so the price achieved the Moving Averages. Also, there’s a “Harami”, so bears are likely going to deliver a local correction during the day. Nevertheless, bulls will probably try to reach the nearest “Window” afterwards.

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.