USD/JPY: bearish "Engulfing"

USD/JPY: bearish "Engulfing"

2501usdjpyH4 (1).png

There's still no any reversal pattern so far, which means the price is likely going to continue declining towards the lower "Window". If any bullish pattern forms little later on, there'll be a moment to have an upward correction.

2501usdjpyH1 (1).png

We've got a bearish "Engulfing", but this pattern hasn't been confirmed yet. So, there's an opportunity to have a local bearish correction in the coming hours. Nevertheless, bears are likely going to test the next support area afterwards.

jpy

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