USD/JPY: main intraday is 34 MA

USD/JPY: main intraday is 34 MA

1312usdjpyH4 (1).png

The upper "Window" has acted as resistance, so there's a confirmed bearish "Harami". The main intraday target is the 34 Moving Average. If a pullback from this line happens, we could have a local upward correction towards the "Window".

1312usdjpyH1 (1).png

The price has been consolidating between the Moving Averages. Also, there's a bearish "Three Methods" pattern, so the market is likely going to test the nearest support area in the short term.

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