USD/JPY: "Window" acted as support

USD/JPY: "Window" acted as support

0708usdjpyH4-1.png

The lower "Window" has acted as support, so there are bullish patterns such a "Hammer" and a "Doji". In this case, we should keep an eye on the 89 Moving Average as an intraday target, which could bring any bearish pattern afterwards.

0708usdjpyH1-1.png

We've got a pullback from the upper "Window", so there's a "Shooting Star". However, confirmation of this pattern is a quite weak, so we could have one more test of the "Window". If another pullback arrives later on, there'll be an opportunity to have a decline towards the Moving Averages.

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