USD/JPY: lower 'Window' acted as support

USD/JPY: lower 'Window' acted as support

1705usdjpyH4.png

The lower 'Window' acted as support, so there's a bullish 'Three Methods' pattern. Therefore, the price is likely going to test the upper 'Window' in the short term.

1705usdjpyH1.png

The market has been rising since the last 'Harami' was formed. However, there's an 'Evening Star', so we're likely going to have a downward correction towards the closest support area. Anyway, bulls will probably try to test the upper 'Window' afterwards.

jpy

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