USD/JPY: broken "Window"

USD/JPY: broken "Window"

0908usdjpyH4-1.png

We've got a new local low, but there isn't any reversal pattern so far. So, bears are likely going to test the "Window's" lower side. If any bullish pattern arrives afterwards, there'll be an opportunity to have a bullish price movement towards the Moving Averages.

0908usdjpyH1-1.png

The nearest "Window" has been broken, so the pair is still declining. The last bearish patterns haven't been confirmed, so we could have the price even lower during the day.

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Bulls faced with resistance at 1.2029, so the price is likely going to decline towards the nearest support area at 1.2003 - 1.1975...

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