Tag - jpy - japanese yen

The lower “Window” has acted as a support, but the last bearish “Engulfing” pattern is still on the table.

On the EUR/JPYdaily chart, after reaching 161…

We still don’t any confirmed reversal pattern. Also, there’s a possible bullish “Three Methods”.

Bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, horizontal Tenkan-sen; the market is overbought.

The 34 Moving Average has acted as a support, so the price is rising.

A new “Window” has just arrived, but the price faced a resistance on the 55 Moving Average.

On the USD/JPY daily chart, the bulls with the help of a gap reached the resistance at 110…

…

USD/JPY has managed to stay above the 55-week MA at 108…

We’ve got a “Three Methods” pattern, which has been confirmed. So, bulls are likely going to test the 34 Moving Average.

Bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak golden cross of Tenkan-sen and Kijun-sen; the prices are under pressure of the Cloud.

We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .