USD/JPY: bulls going to test last high again
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A new “Window” has just arrived, but the price faced a resistance on the 55 Moving Average. Also, we’ve got a “Belt Hold”. If this pattern confirms and a pullback from the 89 Moving Average happens, there’ll be an opportunity to have a local decline.
The last “Belt Hold” has been confirmed enough. However, there’s a bullish “Hammer”, so the market is likely going to test the local high once again. If any reversal pattern arrives afterwards, bears will probably try to achieve today’s “Window”.