USD/JPY: bulls and bears fighting inside the "Window"
There’s a strong resistance by the 21 Moving Average, so we’ve got a “Shooting Star” on this line. However, a confirmation of this pattern is a quite weak, so the nearest “Window” is likely going to be tested once again. As we can see on the Daily chart, the price is consolidating under the closest resistance line, so bears will probably try to reach the lower “Window” in the short term.
We’ve got a “Harami” and a “Doji” on the 89 Moving Average, which both have been confirmed enough. At the same time, there’s a bullish “Harami” as well, so the market is likely going to test the local highs again.