USD/JPY: price going to test 55 MA

USD/JPY: price going to test 55 MA

2909usdjpyH4.png

We've got a bearish "Engulfing" pattern, which is still on the table. So, the price is likely going to test the 55 Moving Average, which could be a departure point for another upward price movement.

2909usdjpyH1.png

There's a bullish "Harami", which has been formed on the 55 Moving Average. However, this pattern hasn't been confirmed enough. In this case, the pair is likely going to test the nearest "Window" during the day. If a pullback from this level happens, we could have a decline towards the last low.

jpy

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