Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/JPY: 'Hammer' right above the 'Window'
Information is not investment advice
The last 'Engulfing' pattern led to the current decline. At the same time, there's a 'Hammer' right above the 'Window', so we're likely going to have a local upward correction towards the upper 'Window' (111.09). The subsequent pullback from this level could lead to another decline towards the next support at 108.13.
What is the best way to bet on the positive outcome of the Brexit deal? Technically, the GBP has bullish potential versus the JPY.
There are many positive developments in AUD/JPY. Will it be able to continue rising?
NZD/JPY is surviving a period of correction/consolidation within the long-term downtrend.