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USD/JPY: bullish 'Doji'

USD/JPY: bullish 'Doji'

Information is not investment advice

There're bearish patterns such a 'Shooting Star' and a 'Harami', so the price is declining. At the same time, we've got a bullish 'Doji', which is likely going to be confirmed soon. This, we're going to have a local upward correction towards the nearest resistance at 111.26. The subsequent pullback from this level could be a starting point for a decline in the direction of the previously tested support at 109.37 be the lower 'Window'.




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EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

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