USD/JPY: "Doji" pattern

USD/JPY: "Doji" pattern

2201usdjpyH4 (1).png

The price has been consolidating since a "Doji" pattern formed. The 21 Moving Average acted as resistance, so the pair is likely going to test the lower "Window" soon.

2201usdjpyH1 (1).png

There's an "Engulfing", which has been formed on the 55 Moving Average. Therefore, the market is likely going to continue declining in the short term.

jpy

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