USD/JPY: "Doji" beat back “Three-Line Strike”
We've got a “Three-Line Strike” pattern, which did a good job, but it was stopped by a “Doji” at the last high. So, it’s time for a local downward correction. As we can see on the Daily chart, there’s a “Hanging Man” at the last high, which is likely going to be confirmed on Friday.
There’s a “Tweezers” at the last low, which has been confirmed. Currently, a possible “Three Methods” pattern is going to be ended soon. Therefore, the previously formed “Harami” might act as a support. If so, bulls will have a chance to reach the last high.