USD/JPY: bearish "Three Methods" pattern

USD/JPY: bearish "Three Methods" pattern

0809usdjpyH4.png

Bears are still pushing the price lower, so we don't have any reversal pattern. Therefore, the pair is likely going to continue falling down towards the lower "Window". If any bullish pattern arrives later on, we could have an upward correction.

0809usdjpyH1.png

We've got a bearish "Three Methods" pattern at the local low. Previously, a bearish "Engulfing" has been formed. So, the market is likely going to continue declining during the day.

jpy

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