USD/JPY: bulls going to deliver new high
There’s a support by the 13 Moving Average, so we’ve got a “Hammer” on this line. If it confirms, bulls are likely going to deliver a new high. However, if we see a pullback from the upper “Window”, there’ll be a chance to have a local downward correction. As we can see on the Daily chart, here’s a support by the 34 Moving Average. Meanwhile, bulls will probably try to test the 55 Moving Average soon.
We’ve got a “Harami” at the local low, which has been confirmed enough. Therefore, the market is likely going to test the upper “Window” in the short term, so we can have a new high during the day.