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Tag - jpy
As we had foreseen earlier this week, USD/JPY traveled lower, to the 107.00 area. Then, however, it managed to rebound from the 50-day MA and return above 107.50.
AUD/JPY has reached the resistance line which is going down from September highs. What's next?
GBP/JPY has been moving up since the start of January. The pair broke out of a bullish flag and reached new highs in the 145.00 area.
The pair consolidated in the middle of the bullish channel during the last 5 days.
There're bearish patterns such a 'Shooting Star' and a 'Harami', which both have been confirmed...
USD/JPY broke below the January-March support line and the picture for the pair turned bearish.
It's likely that the market is going to continue falling down in the short term towards the previously tested support...
There's a bearish 'Pennant' pattern, so it's likely that the market is going to reach the next support...
USD/JPY managed to rise above the 50-period MA on H4 and get above the highs of last week.
Key levels for Monday's trading
Bulls could not hold yesterday's gains for USD/JPY.