USD/JPY: new high is coming
The last “Three Methods” has done such a great job, so the price is rising. In this case, bulls are likely going to reach the upper “Window” in the short term. As we can see on the Daily chart, there isn’t any reversal pattern so far, which makes possible an achievement of the nearest resistance line.
The price has been rising since the last “Window” was broken. However, there’s a “Harami” at the local high, which has been confirmed. Therefore, the market is likely going to reach the 21 Moving Average. If we see a bullish pattern on this line, there’ll be an opportunity to have a new high.