USD/JPY: "Doji" pushed price higher

USD/JPY: "Doji" pushed price higher

1408usdjpyH4-1.png

The last "Doji" pushed the price higher. However, there isn't any bearish pattern so far, so the pair is likely going to test the next Moving Average. If a pullback from this line happens, we could have just another decline.

1408usdjpyH1-1.png

We've got a "Doji" and a "Hammer", which both have been confirmed enough. So, bulls are likely going to test the nearest "Window" in the short term. If any bearish pattern arrives little later on, there'll be an opportunity to have a decline.

jpy

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