USD/JPY: all the last candles are bullish

USD/JPY: all the last candles are bullish

2007usdjpyH4-1.png

There are bullish patterns such a "Hammer" and a "Harami", which both have been confirmed. The upper "Window" is acting as resistance, which could be a departure point for another downward price movement.

2007usdjpyH1-1.png

We don't have any bearish pattern so far, cause all the last candles are bullish. The main intraday target is the 89 & 144 Moving Averages. If a pullback from these lines happens, bears will have a green light to deliver a correction at least.

jpy

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