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    USD/JPY: a "shooting star" was born

    USD/JPY: a "shooting star" was born

    The local rise was continued after a “Three Methods” and a “Mat Hold” have been formed. We’ve got a “Harami” at the last high, which is likely going to be confirmed soon. As we can see on the Daily chart, the price has broken the “Window”, so today’s candle has an opportunity to be closed above it.

    USD/JPY: a "shooting star" was born

    There’s an upward movement in progress above the Moving Average lines. We've got a “Shooting Star” at the last high and the following “Three Methods” pattern. Both patterns have been confirmed, so it’s likely that we are going to have a downward correction. If any bullish pattern arrives, then a rise will be probably resumed.


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