USD/JPY: bulls going to break "Window"
The 21 & 13 Moving Averages have acted as a support, so bulls are likely going to break the upper “Window”. If we see a pullback from the nearest resistance level, there’ll be a chance to have a downward correction. As we can see on the Daily chart, there isn’t any reversal pattern so far. However, if a pullback from the “Window” be on the table, then bears will probably try to deliver a correction.
We’ve got an “Engulfing” pattern at the local low, which led to the current upward price movement. If we see a pullback from the closest support line, the last high is likely going to be broken shortly.