USD/JPY: "Window" acted as resistance

USD/JPY: "Window" acted as resistance

3105usdjpyH4.png

Bears are still pushing the price lower, so there isn't any bullish pattern. However, if we see a pullback from the nearest support level, there'll be an opportunity to have an upward correction.

3105usdjpyH1.png

The upper "Window" has acted as resistance, so we've got bearish patterns such a "Harami" and a "High Wave". Therefore, bears are likely going to deliver a new local low in the coming hours.

jpy

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