USD/JPY: 'Three Methods' pattern still in force
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
USD/JPY: bullish "Three Methods" pattern
The price has reached the upper "Window", but there's still no any reversal pattern. So, the pair is likely going to test the 55 Moving Average, which could be a departure point for a downward correction.
We've got a bullish "Three Methods" pattern, which has been confirmed. In this case, the pair is likely going to achieve the upper "Window" in the coming hours.
Galya Svetlova
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