USD/JPY: bearish "Doji"

USD/JPY: bearish "Doji"

USD/JPY: bearish "Doji"

The 55 Moving Average acted as a resistance, so we’ve got a “Doji” on this line. Considering a confirmation of this pattern, the market is likely going to test the nearest support. If a pullback from this level happens, there’ll be an opportunity to have an upward price movement towards the upper “Window”.

 

USD/JPY: bearish "Doji"

We’ve got a bearish “Tower”, but a confirmation of this pattern is on the way. So, the pair is likely going to test the 34 & 89 Moving Averages. Meanwhile, if we see a pullback from these lines, bulls will probably try to deliver a new local high.

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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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