USD/JPY: bearish 'High Wave' pattern

USD/JPY: bearish 'High Wave' pattern

Information is not investment advice

There's a bearish 'High Wave' pattern, which has been confirmed enough. Thus, the pair is going to test the nearest support at 110.54. This level could be a starting point for another bullish rally towards the upper 'Window' (112.54), which could act as resistance. If so, all eyes will be on the lower 'Window' (109.38), which acted as support before.

0904usdjpyD.png

jpy

Similar

Popular

Choose your payment system