USD/JPY: bulls approaching the upper 'Window'

USD/JPY: bulls approaching the upper 'Window'

1005usdjpyH4 (1).png

The price is approaching the upper 'Window'. If any reversal pattern forms in the coming hours, there'll be a moment to have a decline towards the Moving Averages.

1005usdjpyH1 (1).png

There's a 'Shooting Star', so we could have a local bearish correction. However, if we have a pullback from the Moving Averages, bulls are likely going to deliver a new local high.

jpy

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