USD/JPY: "Window" under the bearish pressure
We’ve got a “Tweezers”, a couple of “Hammers” and an “Engulfing”, which all have been confirmed by the last bullish candle, but this confirmation isn’t enough to expect the end of the downward trend. At the same time, the market is likely going to reach the 21 Moving Average. As we can see on the Daily chart, there're an “Inverted Hammer” and a “Doji” at the last low. So, today’s candle is probably going to be a white one.
There’s a flat in progress in the one-hour chart. We’ve got an “Evening Star” pattern on the 34 Moving Average. So, it's possible to see a local downward correction during the day. However, if any bullish pattern arrives afterwards, it'll be a chance to see an achievement of the 55 Moving Average.