USD/JPY: bullish 'High Wave' pattern

USD/JPY: bullish 'High Wave' pattern

The Moving Averages are acting as support, so we've got a bullish 'High Wave' pattern, which has been confirmed. In this case, it's likely that the market is going to test the upper 'Window' (112.54) in the coming days. The subsequent pullback from this level could lead to a bearish correction towards the lower 'Window' (109.38).

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