USD/JPY: confirmed "Shooting Star"

USD/JPY: confirmed "Shooting Star"

0612usdjpyH4 (2).png

We've got a "Shooting Star", which has been confirmed. Also, all the Moving Averages have been broken. In this case, the pair is likely going to test the nearest support area in the short term.

0712usdjpyH1 (1).png

There are bullish patterns such an "Engulfing" and a "Harami". Therefore, the price is likely going to test the Moving Averages soon. If a pullback from these lines happens, there'll be an opportunity to have another decline.

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