USD/JPY: "Tweezers" led to decline

USD/JPY: "Tweezers" led to decline

2311usdjpyH4.png

The price has been declining since a "Tweezers" formed under the Moving Averages. So, the pair is likely going to test lower "Window" in the short term. If a pullback from this level happens, we could have an upward correction.

2311usdjpyH1.png

There's still no any bullish pattern, but the price faced with support by the lower "Window". Therefore, we could have a local upward correction during the day, but bears will probably try to deliver a new local low afterwards.

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