USD/JPY: upper "Window" acted as resistance

USD/JPY: upper "Window" acted as resistance

1112usdjpyH4 (1).png

The upper "Window" has acted as resistance, so there's a bearish "Harami" at the last high. Therefore, the pair is likely going to test the 21 Moving Average in the short term. If a pullback from this line happens afterwards, we could have another bullish price movement.

1112usdjpyH1 (1).png

We've got a bearish "Harami", which has been confirmed, so the price is declining. The main intraday target is the 55 Moving Average. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards the last high.

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