USD/JPY: "Window" going to act as a support once again
There’s a “Shooting Star” at the local high, which has a confirmation, so the price is likely going to test nearest “Window”. If we see a pullback from it, there’ll be an opportunity to have another upward movement. As we can see on the Daily chart, here’s another “Shooting Star”, so the price couldn’t close above the middle of the last huge black candle. In this case, there’s a chance to have a local decline.
We’ve got a “High Wave” and a “Three White Soldiers” on the lower “Window”. However, there’s a bearish “Harami”, so the price is likely going to test the “Window” once again during the day. If we have the second pullback from this level, bulls will likely try to reach the 34 Moving Average.