USD/JPY: bullish "Harami"

USD/JPY: bullish "Harami"

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There's a bullish "Harami", but confirmation of this pattern is a quite weak. So, if a pullback from the nearest resistance happens little later on, we could have just another decline.

1011usdjpyH1 (1).png

The price is consolidating under the lower "Window". Previously, we have a bullish "Doji" pattern, which pushed the price higher. It seems like we're about to have another test of the Moving Averages, which could be a departure point for a decline towards the next "Window".



USD/JPY: "Tweezers" led to decline

The pair is likely going to test lower "Window" in the short term. If a pullback from this level happens, we could have an upward correction...


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