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    USD/JPY: today's "Window" is going to be closed soon

    USD/JPY: today's "Window" is going to be closed soon

    We’ve got a new “Window” as well as two “Hammers” at the last low, but both of them haven’t been confirmed enough. So, the market is likely going to reach the nearest support once again. As we can see on the Daily chart, there’s an “Inverted Hammer”, but this candle hasn’t got a confirmation. If it arrives afterwards, an upward correction becomes possible.

    USD/JPY: today's "Window" is going to be closed soon

    There’s an “Evening Star”, which brought a new resistance line. Moreover, we’ve got two reversal patterns, which are a “Hanging Man” and a “Tweezers”. Therefore, the market is likely going to close the last “Window”, but bulls could deliver a new local high later on.


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