USD/JPY: price reached 89 Moving Average

USD/JPY: price reached 89 Moving Average

1608usdjpyH4-1.png

The price has reached the 89 Moving Average, but there isn't any reversal pattern so far. We could have a local bearish correction, but the pair is likely going to climb even higher afterwards.

1608usdjpyH1-1.png

We've got a bearish "Tweezers", but confirmation of this pattern is a quite weak. Therefore, the market is likely going to reach the upper "Window", which could be a departure point for a decline.

jpy

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