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: bulls can't stop
The 34 Moving Average has acted as a support, so the price is rising. Considering that there isn’t any reversal pattern so far, bulls are likely going to test the 89 Moving Average, which could be a departure point for a bearish correction.
There’s a bullish “Three Methods” pattern, which has been confirmed enough. Therefore, the price is likely going to continue moving up until any bearish candle pattern arrives.
Galya Svetlova
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