USD/JPY: "Tweezers" pattern

USD/JPY: "Tweezers" pattern

0911usdjpyH4 (1).png

There isn't any reversal pattern, so the price is still declining. Therefore, the market is likely going to continue moving down until any bullish candle pattern arrives.

0911usdjpyH1 (1).png

The last "Tweezers" pattern pushed the price lower. All the last candles are black, so we could see the pair even lower in the coming hours. The main intraday target is the lower "Window", which could be a departure point for an upward correction.

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USD/JPY: "High Wave" pattern

We could have just a local upward correction in the short term. Nevertheless, bears are likely going to test the lower "Window"...

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