USD/JPY: 'Three Methods' pattern still in force
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
USD/JPY: no any reversal pattern so far
There's no any reversal pattern so far. It's likely that the pair is going to reach the upper 'Window' (110.97). A pullback from this level could be a starting point for a decline.
The last bullish 'Three Methods' pushed the price higher. However, we should keep on track the nearest support at 110.53. If a pullback from this level happens next, there'll be a moment to have a new local high.
Galya Svetlova
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