USD/JPY: bearish "Harami"

USD/JPY: bearish "Harami"

1210usdjpyH4-1.png

The 55 Moving Average has acted as support. However, there's also resistance by the upper "Window". In this case, the price is likely going to test the 89 MA. If a pullback from this line happens, we could have another bullish rally.

1210usdjpyH1-1.png

There's a bearish "Harami", which has been formed at the last local high. This pattern has been confirmed afterwards, so the price is likely going to test the nearest support level during the day.

jpy

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