USD/JPY: pullback from upper "Window"
There’s an “Engulfing” pattern, but it hasn’t been confirmed yet. In this case, the price is likely going to decline towards the 34 Moving Average. If a pullback from this line happens, bulls will probably try to deliver a new high. As we can see on the Daily chart, there’s a resistance by the upper “Window”. Therefore, bears are likely going to test the 34 Moving Average.
We’ve got a pullback from the nearest “Window”. Also, there’s a confirmed “Engulfing” pattern. Considering the last “Harami” pattern, the market is likely going to decline towards the closest support line.