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    USD/JPY: the next “engulfing bearish”

    USD/JPY: the next “enggulfing bearish”

    There’s a flat in progress under the Moving Average lines. The last candles are bearish, so it's likely that the downward movement is going to be continued. As we can see on the Daily chart, here's a strong support by the “Window”, but it’s probably going to be broken afterwards.

    USD/JPY: the next “enggulfing bearish”

    We’ve got a reversal “Engulfing Bearish” on the one-hour chart. A “Three Methods” pattern has been formed, so bears are likely going to reach the nearest support line.

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