USD/JPY: 'Three Methods' pattern still in force
If a pullback from the nearest resistance at 111.62 happens little later on, bears will probably try to test the lower 'Window'...
USD/JPY: "Window" acted as support
The lower "Window" has acted as support, so we've got an "Inverted Hammer". However, the price couldn't break the upper "Window", so bears are likely going to test the nearest support once again.
We've got a local bullish "Harami", which hasn't been confirmed yet. So, the price is likely going to test the closest resistance. If a pullback from this level happens, we could have just another decline.
Galya Svetlova
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