USD/JPY: bearish "Harami"

USD/JPY: bearish "Harami"

1212usdjpyH4 (1).png

We've got a bearish "Harami", but confirmation of this pattern is a quite weak. Therefore, the pair is likely going to test the upper "Window", which could be a departure point for a downward correction.

1212usdjpyH1 (1).png

The price is still consolidating. The 21 Moving Average is acting as support. It seems like we're going to have a new local high in the coming hours. If any bearish pattern forms afterwards, there'll be a moment to have a decline.



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