USD/JPY: last high going to be broken

USD/JPY: last high going to be broken

1605usdjpyH4.png

The 21 Moving Average is acting as support, so the price is likely going to test the nearest resistance. If a pullback from this level arrives, there'll be a green light for a local decline.

1605usdjpyH1.png

There's a bullish "Harami", which has been confirmed. In this case, the last high is likely going to be broken soon. If any reversal pattern forms, later on, bears will have a chance to test the nearest support levels.

jpy

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