Dollar retreats from highs ahead of Yellen's testimony
Asian equity markets mostly rallied with risk appetite spurred as trade picked up from Monday’s holiday.
USD/JPY: lower 'Window' acted as support
Information is not investment advice
The lower 'Window' has acted as support, so there's a 'Doji' pattern, which has been confirmed. Thus, it's likely that the market is going to test the upper 'Window' and the Moving Averages in the short term. If a pullback from these levels happens next, there'll be a moment to have a decline towards another support at 108.13.
Galya Svetlova
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Dollar retreats from highs ahead of Yellen's testimony
Asian equity markets mostly rallied with risk appetite spurred as trade picked up from Monday’s holiday.
USD/JPY: bouncing downwards
Look at the H1 chart for USD/JPY - is it not a perfect example of a reversal in the resistance zone?
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