USD/JPY: pullback from the lower 'Window'

USD/JPY: pullback from the lower 'Window'

2208usdjpyH4.png

There's a pullback from the lower 'Window', so we've got a 'Harami' pattern. In this case, we should keep an eye on the nearest resistance at 110.58, which could be a starting point for another decline.

2208usdjpyH1.png

The 55 Moving Average acted as support, so we've got a 'Doji' and a 'Shooting Star' on this line. It's likely that the market is going to test the closet support at 110.19. A pullback from this level could lead to an advance towards the 89 Moving Average.

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