USD/JPY: price reached the lower 'Window'

USD/JPY: price reached the lower 'Window'

1308usdjpyH4.png

The price has reached the lower 'Window', but there's no any reversal pattern so far. So, the market is likely going to test the next support at 109.92. A pullback from this level could be a starting point for a bullish correction towards the nearest resistance at 110.61.

1308usdjpyH1.png

There's a local bearish 'Shooting Star', but confirmation of this pattern is quite weak. In this case, the pair is likely going to test the closest resistance at 110.39 once again. If a pullback from this level happens next, there'll be a moment to have a decline.

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