USD/JPY: bullish "Doji"

USD/JPY: bullish "Doji"

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We've got a bullish "Doji", which has been confirmed by the last "Three Methods" pattern. So, the pair is likely going to test the 21 Moving Average, which could be a departure point for another decline.

2611usdjpyH1.png

There are bullish patterns such a "Hammer", a "Harami" and a "Doji". At the same time, the 34 Moving Averages is acting as resistance, so we could have a local downward correction in the coming hours. If a pullback from the closest support happens, bulls will probably try to deliver a new local high.

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