USD/JPY: possible "Three Methods" pattern

USD/JPY: possible "Three Methods" pattern

2011usdjpyH4 (1).png

There's a possible "Three Methods" pattern, so the price is likely going to continue moving down. If any bullish pattern arrives little later on, there'll be an opportunity to have an upward correction.

2011usdjpyH1 (1).png

There's a developing bullish correction inside the main bearish trend. The 21 Moving Average is likely going to act as resistance during the day. If so, bears will probably try to deliver another decline afterwards.




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