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    USD/JPY: the new bullish attack is not far off

    The nearest “Window” has been broken, so bulls are free to move on, because there’s a “Mat Hold” pattern. As we can see on the Daily chart, there isn’t any reversal pattern so far. Therefore, the market is likely going to test the 21 Moving Average soon.

    USD/JPY: the new bullish attack is not far off

    The price has found a lodgement above the broken “Window”. Moreover, there’s a “Three Methods” pattern, so the market is likely going to test the next resistance. If we see any bearish pattern on this line, there’ll be an opportunity for the second achievement of the “Window”.

     

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