USD/JPY: pair to test the 34 Moving Average

USD/JPY: pair to test the 34 Moving Average

1603usdjpyH4 (3).png

There's a 'Shooting Star', so the pair is likely going to test the 34 Moving Average. A pullback from this line could be a starting point for another bullish rally in the direction of the upper 'Window'.

1605usdjpyH1 (2).png

There're a 'High Wave' and a 'Harami' patterns, so we're likely going to have a bearish correction in the coming hours. The main target is the 89 Moving Average, which could act as support.

jpy

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