USD/JPY: yesterday's "Window" becomes a support
The previously formed a “Morning Doji Star” and a “Three White Soldiers” have been confirmed, so yesterday’s “Window” was closed by the last white candles. We haven’t got any reversal patterns so far. It means that bulls are likely going to continue their rally, but a door for a possible local correction is a still open. As we can see on the Daily chart, there’s an upward correction in progress, so today’s candle is probably going to be a white one.
Yesterday’s “Window” has been closed by the bullish candles, which brought a “Three Methods” afterwards. Therefore, this pattern is likely going to act as a support. If so, the price will have a chance to deliver a new high soon.