USD/JPY: new high coming soon

USD/JPY: new high coming soon

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There are a "High Wave" and a "Hammer", but we don't have any reversal pattern. So, the pair is likely going to continue rising towards the nearest resistance in the short term.

0707usdjpyH1-1.png

We've got a "Doji" and a "Shooting Star" at the last high, so bears are likely going to test the closest "Window" during the day. If a pullback from this level happens, we could have a new high shortly.

jpy

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