USD/JPY: resistance waiting for price
We’ve got a “High Wave” and an “Engulfing” patterns, so bulls are likely going to test the upper “Window” once again. As we can see on the Daily chart, there’s an “Engulfing” at the last high. In this case, there’s an opportunity to have another decline right after the current bullish correction.
There’s a “Harami”, which has been confirmed enough. Considering that the price is trading above the last “Window”, it’s likely that the market is going to reach the nearest resistance. If we have a pullback from this level, bears will probably try to deliver a downward price movement.