USD/JPY: "Three White Soldiers" open the way for correction
There’s a correction inside the main bearish trend. We’ve got a “Hammer” and a “Harami”, which both have been confirmed. So, the market is likely going to test the 21 Moving Average once again in the short term. As we can see on the Daily chart, here’s an “Inverted Hammer” and long shadows of the last candles, so we've got a couple of bullish signs.
We’ve got an “Engulfing” and a “Three White Soldiers” on the one-hour chart. Therefore, the price is likely going to reach the 89 Moving Average during the day. If a pullback from this line happens, bears will probably try to return into the market.