There' a "V-Top" pattern, so the pair is likely going to test the closest support at 1.3996 - 1.3979. Meanwhile, if a pullback...
USD/JPY: bulls going to test "Window"
The price as approaching the upper “Window”, but we still don’t have any reversal pattern. So, if we see a pullback from the “Window”, there’ll be an opportunity to have a downward correction towards the Moving Averages.
The last candles are bullish, but the price has reached the nearest resistance, so we could have a local correction during the day. Meanwhile, bulls are likely going to continue pushing the price even higher afterwards.
We've got a bearish "High Wave", which has strong confirmation. In this case, the price is likely going to decline.
Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…
The 144 Moving Average has acted as support, but there's a bearish "Engulfing' at the local high.