USD/JPY: bears going to reach "Window"
There’s a bullish “Doji” at the local low, but its confirmation isn’t enough. Therefore, the market is likely going to test the upper “Window”, but if we see a pullback from it, there’ll be an opportunity to have a new low. As we can see on the Daily chart, the last “Dark Cloud” pattern did such a good job, so bears are likely going to move on.
The pair is declining, but we’ve got a “High Wave” at the last low. So, the price is likely going to test the 13 Moving Average. If we have a pullback from this line, another downward movement becomes possible.