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    USD/JPY: bear's "stars"

    USD/JPY: bear's "stars"

    There’s an “Evening Star” at the last high, which led to the current bearish movement. It’s likely to see a local correction, but then the market is probably going to fall even lower. As we can see on the Daily chart, the “Window” was broken and today’s candle has a chance to be closed below it.

    USD/JPY: bear's "stars"

    We’ve got a “Shooting Star” at the last high and as we can see bears like it so much. A “Hammer” has just arrived, but a confirmation hasn't formed yet. So, the main expectation is to see more selling pressure, but a local correction is a still possible.

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