If a pullback from the closest support forms in the coming hours, bulls are likely going to deliver a new local high...
Tag - jpy - japanese yen
Recommendations: BUY 107…
Recommendation: BUY 131…
It's likely that the pair is going to reach the next support area in the coming hours...
Narrow bullish Ichimoku Cloud with falling Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market had returned into the positive area, but there is a strong resistance on 107.30.
NZD/JPY reversed from support area Next buy target - 78…
EUR/JPY is hovering around the 200 SMA at H1 chart after having found support in the Fibonacci level of 61…
There's no any reversal pattern so far, which means the price is going to continue rising in the direction of the 144 MA...
If a pullback from the next resistance area happens in the coming hours, we could have a decline in the direction of the 89 MA...
Bullish Ichimoku Cloud, but there is a falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with narrowing channel of Tenkan-Kijun; the market had returned to the Cloud but supported by Senkou Span B.
We could have a local correction in the short term. Nevertheless, there's an opportunity to have another decline afterwards...
We're likely going to have a downward correction on USDJPY in the coming hours...