USD/JPY: "Window" acted as support

USD/JPY: "Window" acted as support

0208usdjpyH4-1.png

The last bullish "High Wave" pattern has been confirmed, so the price reached the 21 Moving Average. However, the pair is likely going to test the next 34 MA. If a pullback from this line happens afterwards, there'll be an opportunity to have a decline towards the nearest support level.

0208usdjpyH1-1.png

The lower "Window" has acted as support, so we're going to have a bullish correction. The main intraday target is the 34 Moving Average, which could be a departure point for another decline.

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USD/JPY: bullish "Doji"

We’ve got a pullback from the lower “Window”, so there’s a bullish “Doji”, which has been confirmed .

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