USD/JPY: "High Wave" and "Tweezers"

USD/JPY: "High Wave" and "Tweezers"

2107usdjpyH4-1.png

The upper "Window" acted as resistance, so there's a bearish "Harami", which has been confirmed. In this case, the pair is likely going to decline in the direction of the closest support.

2107usdjpyH1-1.png

The 34 Moving Average acted as resistance, so there are bearish patterns such a "High Wave" and a "Tweezers". Also, we've got a "Three Methods" pattern. Under this circumstance, the price is likely going to test the lower "Window" soon.

jpy

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