USD/JPY: bullish 'Three Methods' pattern

USD/JPY: bullish 'Three Methods' pattern

2019-11-11 • Updated

1904usdjpyH4 (2).png

There's a bullish 'Three Methods' pattern, so the market is likely going to test the upper 'Window' in the coming hours. If a pullback from this level forms little later on, there'll be a moment for a decline towards the Moving Averages.

1904usdjpyH1 (2).png

We've got a bearish 'Engulfing', which means the pair is likely going to test the nearest Moving Averages. A pullback from these lines could be a starting point for another bullish price movement in the direction of the upper 'Window'.


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