USD/JPY: pair to achieve the next resistance

USD/JPY: pair to achieve the next resistance

1106usdjpyH4 (1).png

The lower 'Window' acted as support, so there's a 'High Wave' pattern. Therefore, the pair is likely going to achieve the next resistance at 110.27. If a pullback from this level forms afterwards, there'll be a moment for another decline towards the closest support at 109.63.

1106usdjpyH1 (1).png

There's a bullish 'Three Methods' pattern, so the market is likely going to continue moving up in the short term. In this case, if a pullback from the nearest support at 109.87 happens next, there'll be a green light for an upward price movement in the direction of the next resistance at 110.25.



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