USD/JPY: "Window" acted as a strong support
We’ve got a “Harami”, an “Inverted Hammer” and a “Tweezers”, which all have been confirmed. So, the price is likely going to reach a resistance on the 21 Moving Average. As we can see on the Daily chart, there’s a “Harami” at the local low. If this pattern confirms, bulls will probably try to deliver an upward correction.
There’s a strong support by the lower “Window”. Also, we’ve got a bearish “Harami” on the 55 Moving Average, which has been confirmed enough. Therefore, the market is likely going to test the “Window” once again.