USD/JPY: bearish "High Wave" pattern

USD/JPY: bearish "High Wave" pattern

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We've got a "Shooting Star", which has been formed at the last local high. In this case, we should keep an eye on the Moving Averages as the next intraday target. If a pullback from these lines happens, there'll be an opportunity to have another upward price movement.

2212usdjpyH1 (1).png

The last bearish "High Wave" pattern has been confirmed by the "Three Methods". So, the pair is likely going to test the 144 Moving Average in the short term.



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