USD/JPY: bearish "Harami"

USD/JPY: bearish "Harami"

3001usdjpyH4 (2).png

There's a bearish "Harami", which has been formed at the last local high. Considering confirmation of this pattern, the market is likely going to test the next lower "Window" soon.

3001usdjpyH1 (2).png

We've got a "Harami" and an "Engulfing" patterns, which both have been formed on the 34 Moving Average. Therefore, the price is likely going to continue declining, which means we could have a new local low in the short term.

jpy

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