USD/JPY: broken "Window" and bearish candles

USD/JPY: broken "Window" and bearish candles

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Bears have broken the "Window", so the price achieved the 144 Moving Average. Therefore, this broken "Window" is likely going to act as resistance in the coming hours. If we see a pullback from this level, bears will try to push the pair even lower.

1705usdjpyH1.png

There isn't any reversal pattern on the one-hour chart, so all last candles are bearish. In this case, the current decline is going to be continued until any bullish pattern arrives.

jpy

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