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USD/JPY: bears going to test the "Window"

USD/JPY: bears going to test the "Window"

There’s a “Doji” at the local high, which has been confirmed enough. So, the price is likely going to reach the 21 Moving Average. If it acts as a resistance, bears will probably try to move on afterwards. As we can see on the Daily chart, there’s a possible “Engulfing” pattern. If it ends successfully, a downward movement becomes possible.

USD/JPY: bears going to test the "Window"

We’ve got a confirmed bearish “Harami” on the 89 Moving Average. Therefore, the market is likely going to test the nearest “Window” during the day. If we see a pullback from it, there’ll be an opportunity for a local bullish movement.

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