There's a bearish 'Pennant' pattern, so it's likely that the market is going to reach the next support...
Tag - jpy - japanese yen
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So we're likely going to have a local upward correction towards the upper 'Window' (111.09)...
It's likely that the pair is going to continue falling down towards the next support at 143.32 - 143.02 in the short term...
It looks like the euro is vulnerable to further declines versus the Japanese yen.
The upside in GBP/JPY was limited by the 50-day MA in the 145.90 area.
We should watch the nearest important resistance at 146.28 - 146.54 as a possible bullish target...
USD/JPY failed to close last week above the 200-week MA at 111.85.
The market has formed an 'Engulfing' pattern, which hasn't been confirmed yet. It's likely that the pair is going to...
New week - new trading opportunities!
The USD reached a four-month high on Wednesday. What are the opportunities for the pairs?