USD/JPY: ""Window" acting as strong support

USD/JPY: ""Window" acting as strong support

2205usdjpyH4.png

There's a consolidation, which is taking place on the four-hours chart. The 34 Moving Average is acting as resistance. Considering the last bearish "Tweezers", the price is likely going to test the closest support level in the short term.

2205usdjpyH1.png

The lower "Window" is acting as strong support, so the price is likely going to test this level once again. Nevertheless, the market is likely going to reach the 55 Moving Average afterwards.

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