USD/JPY: "Three Methods" helped bulls
There’s an “Engulfing” at the local low, but it hasn’t been confirmed yet. So, the price is likely going to achieve the nearest resistance. If we see a pullback from this line, there’ll be a chance to have another decline. At the same time, the middle of the last huge black candle on the Daily chart acted as a resistance. Therefore, it’s likely to see the second test of this resistance shortly.
The last “Three Methods” pattern helped bulls break the nearest “Window”. However, if we see any bearish pattern on the closest Moving Averages, then the price is likely going to test the “Window” once again. Then, if we have a pullback from this level, there’ll be an opportunity to another upward movement in the direction of the upper “Window”.