USD/JPY: bulls going to test nearest resistance

USD/JPY: bulls going to test nearest resistance

1105usdjpyH4.png

The price is still rising and there isn't any reversal pattern so far. So, bulls are likely going to test the nearest resistance, which could be a departure point for a bearish correction. Anyway, we should have an eye on the next "Window" as a possible intraday target.

1107usdjpyH1-1.png

There's a "Shooting Star", but confirmation of this pattern is a quite weak. So, we could have an intraday downward correction and a new local high afterwards.

jpy

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