USD/JPY: support line waiting for bears
There’s a support by the lower “Window”. Also, we’ve got an “Inverted Hammer”, a “Harami” and a “High Wave”, which all have been confirmed. Considering the last “Shooting Star”, bears are likely going to reach the nearest support line. As we can see on the Daily chart, we’ve got a “Harami” pattern, so the price is likely going to achieve the 21 Moving Average.
We’ve got a “High Wave” and a “Harami”, which both have a confirmation. Therefore, the price is likely going to reach the closest support level, which could reverse the price movement into a bullish direction.