USD/JPY: "Three Methods" pattern

USD/JPY: "Three Methods" pattern

1910usdjpyH4-1.png

We've got a bearish "Doji", so the price is declining. The main intraday target is 55 Moving Average. If a pullback from this line happens, we could have just another bullish price movement.

1910usdjpyH1-1.png

There's a "Three Methods" pattern, but also the 55 MA acted as support, so we could have a local upward correction in the short term. If any bearish pattern arrives little later on, we should keep an eye on the lower "Window" as an intraday target.

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