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    USD/JPY: "Window" on focus again

    USD/JPY: "window" on focus again

    There’s a local bullish movement on the four-hour chart. Moreover, we’ve got a possible a “Three Methods” pattern in progress. When the current rise ends, the price is likely going to reach the nearest support line. As we can see on the Daily chart, here’s a “Hammer” at the last low, which has been confirmed. The pair went back to the previously broken “Window”. If any bearish pattern arrived, then a downward movement will probably resume.

    USD/JPY: "window" on focus again

    We’ve got a “Shooting Star” at the local high, but then the nearest support line wasn't broken afterwards. There’s a “Three Methods” on the 144 Moving Average, so the upward movement is likely going to be continued until any bearish pattern forms.

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