Tag - jpy - japanese yen

The last bearish "Shooting Star" led to the current decline. However, we've got a bullish "Doji", but this pattern hasn't been confirmed yet.

The US dollar declined versus the Japanese yen as it did against many other major currencies…

Recommendations: BUY 130…

USD/JPY falling inside minor corrective wave 2 Next sell target - 110…

The upper "Window" acted as resistance, so there's a "Harami", which has been confirmed. In this case, the pair is likely going to...

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is on the strong support of the daily levels.

USD/JPY has been following a bearish channel since last week and it looks like that the path is driving towards the Fibonacci retracement zone of 50% and 65% at 111…

There are bullish patterns such a "Hammer" and a "Harami", which both have been confirmed. The upper "Window" is acting as resistance.

Recommendation: BUY 112…

There are a "Hammer" and a "Harami", but both patterns remain unconfirmed. The 144 Moving Average is acting as resistance.

Narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen and the lines are horizontal; the market is in a correction,  tested the strong support of Senkou Span B.

Bears have broken the "Window", so the price is declining. The 144 MA is acting as support. There isn't any reversal pattern so far.