USD/JPY: 34 MA acted as resistance once again

USD/JPY: 34 MA acted as resistance once again

2508usdjpyH4-1.png

The 34 Moving Average has acted as resistance once again, so there's a bearish "Harami", but this pattern hasn't been confirmed yet. Therefore, the lower "Window" is likely going to act as support, which means we could have a new local high pretty soon.

2508usdjpyH1-1.png

The last bearish "Harami" hasn't been confirmed enough, so it seems like we could have just a local decline. In this case, we should keep an eye on the upper "Window" as an intraday bullish target.

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