FBS - Analytics


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    USD/JPY: bulls knock through the "Window"

    USD/JPY: bulls knock through the "Window"

    We’ve got a “Three Methods” here, so the 21 Moving Average was broken afterwards. There isn’t any reversal pattern, so bulls are likely going to move on. As we can see on the Daily chart, the price broken the nearest “Window”, so buyers will likely try to reach the next resistance line.

    USD/JPY: bulls knock through the "Window"

    The last black candle has a big shadow, which led to the current upward movement. Considering we don’t have any bearish patterns, the market is likely going to achieve the 144  Moving Average during the day.

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