USD/JPY: bulls can push the market even higher
The market has been rising since Monday. Moreover, we’ve got a “Three Methods” pattern, which means bulls could push the market even higher towards the nearest “Window”. As we can see on the Daily chart, we haven’t got any reversal pattern so far, so the price is likely going to reach the closest “Window” soon.
There’s a strong support by the 21 Moving Average. Also, we’ve got a “Hammer” at the local low, which has been confirmed. Under this circumstances, the market is likely going to get a support on the 21 Moving Average once again. If we see a pullback from this line, there’ll be a chance to have a new high.