USD/JPY: "Window" acted as a strong support
There’s a resistance by the 13 Moving Average. Also, we’ve got a ‘High Wave” and an “Engulfing” patterns at the local high, so the price is likely going to test the nearest “Window”. As we can see on the Daily chart, the middle of the last huge black candle acted as a resistance. Therefore, bears are likely going to move on.
We’ve got a “Harami” and an “Engulfing” patterns, which both have been confirmed enough. So, the market is likely going to get a support on the closest “Window”. If a pullback from this level happens, there’ll be an opportunity to have an upward movement in the direction of the 21 Moving Average.