USD/JPY: "High Wave" pattern

USD/JPY: "High Wave" pattern

2303usdjpyH4 (1).png

There's a bullish "High Wave", so we're likely going to have an upward correction soon. However, if a pullback from the Moving Averages happens little later on, there'll be an opportunity to have another decline.

2303usdjpyH1 (1).png

The last bullish "Hammer" has been confirmed, so the price is rising. It's likely that the market is going to test the Moving Averages, which could be a departure point for a decline.



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