USD/JPY: "Shooting Star" pattern

USD/JPY: "Shooting Star" pattern

1603usdjpyH4 (1).png

The price is declining under the Moving Averages. The main intraday target is the lower "Window". If a pullback from this level happens, there'll be a moment for an upward correction.

1603usdjpyH1 (1).png

The last "Shooting Star" pattern led to the current decline. However, if any reversal pattern forms, there'll be an opportunity to have a bullish correction towards the Moving Averages.

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