USD/JPY: bullish 'High Wave' pattern

USD/JPY: bullish 'High Wave' pattern

Information is not investment advice

The Moving Averages are acting as support, so we've got a bullish 'High Wave' pattern, which has been confirmed. In this case, it's likely that the market is going to test the upper 'Window' (112.54) in the coming days. The subsequent pullback from this level could lead to a bearish correction towards the lower 'Window' (109.38).

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Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

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