USD/JPY: price going to test "Window"

USD/JPY: price going to test "Window"

0308usdjpyH4-1.png

There's a bearish "Engulfing" on the 21 Moving Average, so the price is likely going to test the last low and the nearest "Window". If a pullback from this level happens, there'll be time for a local upward correction.

0308usdjpyH1-1.png

The 89 Moving Average has acted as resistance, so we've got an "Engulfing" pattern, which has been confirmed. Also, there isn't any bullish pattern so far, which means the market is likely going to continue moving down during the day.

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