USD/JPY:  price reached lower "Window"

USD/JPY: price reached lower "Window"

2807usdjpyH4-1.png

The middle of the last black candle has acted as resistance, so we've got a "Shooting Star" pattern. However, we could have a local upward correction in the short term. Nevertheless, bears are likely going to deliver a new local low afterwards.

2807usdjpyH1-1.png

The price reached the lower "Window", but there isn't any reversal pattern so far. In this case, we could have just a local bullish correction. Anyway, it's likely that the market is going to continue declining until any bullish pattern forms.

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