USD/JPY: 'Engulfing' and 'Harami' patterns

USD/JPY: 'Engulfing' and 'Harami' patterns

0404usdjpyH4 (1).png

There's a bearish 'Tower' pattern, which has been confirmed. Therefore, the market is likely going to test the nearest support once again. A pullback from this area could be a starting point for an upward price movement.

0404usdjpyH1 (1).png

We've got a bearish 'Engulfing' and 'Harami' patterns, so the pair is declining. It's likely that the price is going to reach the next support area in the coming hours.

jpy

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