USD/JPY: "Window" has stopped the bearish rally
The price has achieved the lower “Window”, which brought a “Hammer” and an “Inverted Hammer” at the last low. Moreover, these patterns have been confirmed, so the market is likely going to rise in the short term. As we can see on the Daily chart, there’s a possible “Harami” pattern in progress, but it requires a confirmation. So, today’s candle is probably going to be a bullish one.
The market has been rising since a “Hammer” arrived at the last low. Considering a “Three Methods” pattern, the pair is likely going to get a resistance on the 34 Moving Average.