USD/JPY: "Doji" pattern on the 34 MA

USD/JPY: "Doji" pattern on the 34 MA

1701usdjpyH4 (1).png

There's a bullish "Doji", which has been formed at the local low. So, the market is likely going to test the 34 Moving Average, which could be a departure point for another decline.

1701usdjpyH1 (1).png

We've got a "Doji" pattern on the 34 Moving Average. It's likely that the pair is going to reach the 89 MA soon. If a pullback from this line happens, bears will probably try to break the last low.

jpy

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