USD/JPY: "Engulfing" and "Doji"

USD/JPY: "Engulfing" and "Doji"

1008usdjpyH4-1.png

There's a bearish "High Wave", which has been confirmed. So, the price is likely going to continue moving down towards the lower "Window", which could be a departure point for a bullish correction.

1008usdjpyH1-1.png

We've got bearish patterns such an "Engulfing" and a "Doji", which both have been confirmed. In this case, the pair is going to decline in the direction of the closest support level.

jpy

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