The price is likely going to test the nearest Moving Averages. If a pullback from these lines happens little later on...
Tag - jpy - japanese yen
Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, with rising Kijun-sen; the market is in consolidation inside a Cloud and may supported by Tenkan and Kijun.
USD/JPY has been rallying since November 27th and is doing a consolidation above the 200 SMA at H1 chart…
We could have just a local correction and the following upward price movement afterwards...
There're bearish patterns like a "Doji" and a "Shooting Star". So, we're likely going to have a local bearish correction...
We're likely going to have a downward correction towards the closest support level in the coming hours...
Bearish Ichimoku Cloud with rising Senkou Span A; a new golden cross of Tenkan-sen and Kijun-sen, with rising Tenkan-sen and Kijun-sen; the prices entered into the cloudy area.
Recommendation: BUY 112…
Recommendation: BUY 133…
There's an "Inverted Hammer", so the pair is likely going to test the 34 Moving Average, which could act as resistance...
The 21 Moving Average is likely going to act as support. If so, we could have just another decline little later on...
CHF/JPY falling inside minor impulse wave (iii) Next sell target - 112…