USD/JPY: two 'High Wave' patterns in a row

USD/JPY: two 'High Wave' patterns in a row


There're two 'High Wave' patterns in a row, so the market is likely going to test the lower 'Window' (110.15) in the short term. Meanwhile, a pullback from this level could be a starting point for an upward correction.


The last bearish 'Engulfing' led to the current decline. Also, there's no any bullish patter so far. In this case, the pair is likely going to continue declining in the direction of the next support at 110.15.



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