USD/JPY: "Tweezers" pushing price higher

USD/JPY: "Tweezers" pushing price higher

210617usdjpyh4-1.png

There's a bullish "Tweezers" pattern, so the market is likely going to test the nearest resistance. If a pullback from this level happens, bears will have a green light to achieve the 55 Moving Average.

210617usdjpyh1-1.png

We've got a pullback from the nearest "Window", so there's an "Engulfing" pattern. In this case, the pair is likely going to continue rising until any reversal pattern forms.

jpy

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