USD/JPY: upper 'Window' acting as resistance

USD/JPY: upper 'Window' acting as resistance

2308usdjpyH4.png

There's still no any reversal pattern so far, so the pair is likely going to reach the next resistance at 111.15. This level could be a starting point for a decline towards the 89 Moving Average.

2308usdjpyH1.png

The upper 'Window' is acting as resistance, so that's why there's a 'Three Methods' pattern. In this case, if the 89 Moving Average acts as support, there'll be a moment to wave an upward price movement in the direction of 111.15.

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