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    USD/JPY: flat is in progress

    USD/JPY: flat is in progress

    There’s a possible “Evening Star” pattern in progress at the last high. At the same time, it’s very likely that we see just a local downward correction and a rise afterwards, because previously an “Engulfing Bullish” arrived. As we can see on the Daily chart, there’s a “Hammer” under the upper “Window”, which can act as a resistance once again.

    USD/JPY: flat is in progress

    There’re a lot of bearish patterns near the local high. Since Monday we’ve got a “Hanging Man”, an “Evening Star” and a “Shooting Star”. In case of the last “Hammer”, it’s likely that the price is going to rise during the day. 

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