USD/JPY: "Shooting Star" and "Harami"

USD/JPY: "Shooting Star" and "Harami"

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The price is still declining. Moreover, there're a "Shooting Star" and a "Harami", which both have been confirmed. Therefore, bears are likely going to test the last low in the short term.

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There isn't any bullish pattern so far, which means all last candles are bearish. In this case, the price is likely going to continue falling down until any reversal pattern forms.

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The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...

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Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen, but rising Tenkan-sen; the bulls could breakout the Kijun’s resistance.

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