USD/JPY: price fixated above the "Window"

USD/JPY: price fixated above the "Window"

0507usdjpyH4-1.png

The price fixated above the "Window", so we've got bullish patterns like a "High Wave" and a "Hammer". Under this circumstances, bulls are likely going to continue pushing the pair even higher.

0507usdjpyH1-1.png

There's a "Shooting Star", which has been formed at the last high. So, the market is likely going to test the nearest "Window" during the day. If any bullish pattern arrives afterwards, there'll be an opportunity to have a new local high.

jpy

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