USD/JPY: bearish "Three Methods"

USD/JPY: bearish "Three Methods"

0509usdjpyH4.png

We've got a bearish "Three Methods", but there's a local bullish "Harami" pattern, which has been confirmed. So, the market is likely going to test the closest resistance level, which could lead to another decline.

0509usdjpyH1.png

There's resistance by the Monday's "Window". However, we've got a confirmed bullish "Hammer", so the pair is likely going to test the Moving Averages. If a pullback from these lines happens, bears will try to deliver a new local low.

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