USD/JPY: 'High Wave' pattern

USD/JPY: 'High Wave' pattern

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The price has been rising since a 'High Wave' pattern formed at the last low. However, if the 89 Moving Average acts as resistance, there'll be a moment for another decline.

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The last 'Harami' pattern led to the current upward price movement. If any reversal pattern forms in the coming hours, there'll be an opportunity to have a bearish correction. Nevertheless, the pair is likely going to test the upper 'Window' afterwards.


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