If a pullback from the Moving Averages happens little later on, the price is likely going to reach the next resistance at 112.00...
Tag - jpy - japanese yen
On the daily chart, USD/JPY is consolidating in the 109.75-112.15 range within the “Spike and ledge”.
On H1, a “Shark” is transforming into 5-0. After a pullback from support at 38.2% of the wave CD, bulls seized the initiative.
If a pullback from the nearest resistance at 111.63 happens next, bears will probably try to test the next 'Window'...
Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen.
It's likely that the pair is going to reach the nearest resistance. If a pullback from this level happens next, there'll be a moment...
The market is likely going to test the closest resistance at 111.24. This level could be a starting point for a decline towards 110.58...
Narrowing bullish Ichimoku Cloud with falling Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with falling Tenkan-sen.
The price is likely going to test the next support at 110.58 in the short term. A pullback from this level could be a starting point for...
It's likely to have a local bearish correction soon. In this case, we should keep an eye on the closest support...
On the daily chart, USD/JPY bulls managed to lead the pair outside the long-term downtrend channel.
On the daily chart, a pullback of EUR/JPY after reaching 88.6% target of the “Bat” is dragging on.