FBS - Analytics


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    USD/JPY: "Tower" after the "Tower"

    USD/JPY: "Tower" after the "Tower"

    There’re an “Evening Star” and a “Three Black Crows” at the last high. Considering the last “High Wave” pattern, it’s likely that the pair is going to reach the nearest resistance line. As we can see on the Daily chart, all last candles are bearish and we haven't got any reversal pattern so far.

    USD/JPY: "Tower" after the "Tower"

    The market has been declining since a “Tower” was formed on the 34 Moving Average. We've got the second “Tower”, but at this time it’s a bullish pattern. So, an upward correction is coming. If we see a pullback from the upper Moving Averages, then bears will have a chance to show their power once again.


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