USD/JPY: bullish "Engulfing" pattern

USD/JPY: bullish "Engulfing" pattern

0407usdjpyH4-1.png

The price fixated above the "Window", so there's a bullish "High Wave" pattern, which hasn't been confirmed yet. In this case, the pair is likely going to continue moving up towards the nearest resistance.

0407usdjpyH1-1.png

We've got a bullish "Engulfing" pattern, so the price is rising. However, if a pullback from the upper "Window" happens, there'll be an opportunity to have a local bearish correction.

jpy

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