USD/JPY: pair to test closest support

USD/JPY: pair to test closest support

2706usdjpyH4 (1).png

There's a 'Shooting Star', so the pair is likely going to test the closest support at 109.38 in the coming hours. Meanwhile, if a pullback from this level forms next, there'll be a moment for another upward price movement.

2706usdjpyH1 (1).png

We've got an 'Inverted Hammer', so there's an opportunity to have a local bullish correction. In this case, we should keep an eye on the nearest resistance at 109.99 as a possible starting point for a decline towards the next support at 109.38.



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