USD/JPY: 144 MA acting as resistance

USD/JPY: 144 MA acting as resistance

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The 144 Moving Average is acting as resistance, so the price is likely going to test the upper 'Window'. However, if a pullback from this level happens afterwards, there'll be time for a downward correction.

0604usdjpyH1 (1).png

There's a bullish 'Hammer', so the price is rising. At the same time, we've got a bearish 'High Wave', so we could have a local correction in the short term. Nevertheless, we're likely going to have a new local high little later on.



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