The pair consolidated in the middle of the bullish channel during the last 5 days.
Tag - jpy - japanese yen
The pair is likely going to test the nearest resistance at 147.80 - 148.56, which means we could have a new local high soon...
There's a local 'Shooting Star' pattern, but the MA acted as support, so we've got a bullish 'Hammer', which hasn't been confirmed yet...
What to expect from markets on Tuesday, March 12
The most significant events that will shake markets
Of course, the most important event today is the European central bank rate statement at 14:45 MT time followed by the press conference at 15:30 MT. Let’s see if Mr. Draghi supports the euro.
There's a 'Head & Shoulders' pattern, which has been confirmed. Thus, the pair is likely going to...
The price has broken the Moving Average lines because of the last 'Three Methods' pattern. It's likely that the market is going to...
CAD/JPY failed to close last week around the high of 85.20.
Trade on the market sentiment! Consider the key levels for USD/JPY and GBP/JPY.
Check out the key levels for EUR/USD and USD/JPY ahead of the speech by FOMC member Richard Clarida and the release of American advance GDP!
There's a 'Three Methods' pattern, which has been formed on the Moving Averages. The main target is the next resistance...