USD/JPY: confirmed bearish 'Engulfing'

USD/JPY: confirmed bearish 'Engulfing'

1806usdjpyH4.png

The last bearish 'Engulfing' hasn't been confirmed enough, so the pair is likely going to test the upper 'Window' (110.99) once again. If a pullback from this level happens little later on, there'll be a moment for a bearish correction.

1806usdjpyH1.png

There's a 'Harami', which has been formed on the 55 Moving Average. So, the pair is likley going to test the closest resistance at 110.65 shortly. A pullback from this level could be a starting point for a local decline.

jpy

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