USD/JPY: bulls going to break the last high
1/20/2017
The price reached the 55 Moving Average, so we’ve got an “Engulfing” on this line, but the pattern hasn’t been confirmed yet. Therefore, the price is likely going to test the nearest resistance in the short term. Considering a possible pullback from this level, there’s an option to have another decline later on.
There’s a “Tweezers”, which has been confirmed enough. So, the market is likely going to test the 13 Moving Average soon, which could be a departure point to a local upward price movement.
More:
https://fxbazooka.com/analytics/12130
1/20/2017
The price reached the 55 Moving Average, so we’ve got an “Engulfing” on this line, but the pattern hasn’t been confirmed yet. Therefore, the price is likely going to test the nearest resistance in the short term. Considering a possible pullback from this level, there’s an option to have another decline later on.
There’s a “Tweezers”, which has been confirmed enough. So, the market is likely going to test the 13 Moving Average soon, which could be a departure point to a local upward price movement.
More:
https://fxbazooka.com/analytics/12130