USD/JPY: price reached upper "Window"

USD/JPY: price reached upper "Window"

2906usdjpyH4.png

The price has reached the upper "Window". If any bearish pattern forms, the pair is likely going to test the 21 Moving Average, which could be a departure point for another bullish rally.

2906usdjpyH1.png

There isn't any bearish pattern so far, cause all the last candles are bullish. Therefore, the market is likely going to test the nearest "Window" in the coming hours. If a pullback from this level happens, bears will have a green light to set up a downward correction.

jpy

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