USD/JPY: "High Wave" pattern

USD/JPY: "High Wave" pattern

1202usdjpyH4 (1).png

The price has reached the lower "Window" once again, so we've got a pullback from this area. Therefore, the market is likely going to test the upper "Window" and the Moving Averages.

1202usdjpyH1 (1).png

There's a "High Wave" pattern, which has been confirmed. So, the pair is likely going to test the Moving Averages, which could be a departure point for another bearish price movement.



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