USD/JPY: lower 'Window' has acted as support

USD/JPY: lower 'Window' has acted as support

1804usdjpyH4 (1).png

There's a bullish 'Hammer', which has been formed on the 34 Moving Average. Therefore, the market is likely going to test the upper 'Window', which could be a starting point for a bearish correction.

1804usdjpyH1 (1).png

The lower 'Window' has acted as support. Meanwhile, we've got a bearish 'High Wave', which has been confirmed. In this case, the 89 Moving Average is likely going to act as support in the short term.

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