USD/JPY:  bears going to test nearest "Window"

USD/JPY: bears going to test nearest "Window"

2009usdjpyH4.png

There are a "Shooting Star" and a "Harami" patterns, which both have been confirmed enough. In this case, bears are likely going to test the nearest "Window", which could be a departure point for another upward price movement.

2009usdjpyH1.png

The price reached the 34 Moving Average, so there's an opportunity to have a local bullish correction. However, bears are likely going to test the 89 MA afterwards, which could act as support.

jpy

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