USD/JPY: lower 'Window' acted as support

USD/JPY: lower 'Window' acted as support

3008usdjpyH4.png

The lower 'Window' acted as support, so the price moved higher. However, it's likely to have a local bearish correction soon. In this case, we should keep an eye on the closest support at 111.26 as a possible departure point for a bullish price movement.

3008usdjpyH1.png

There's a bearish 'Harami', which has been confirmed. So, the pair is likely going to reach the nearest support at 111.26. A pullback from this level could lead to another upward price movement.

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