USD/JPY: bulls sweep all before their rally
We’ve got a “Deliberation” and a “Harami” at the local high, but they both haven’t been confirmed yet. It’s likely to see a support on the 34 Moving Average and an upward movement afterwards. As we can see on the Daily chart, there’s a correction inside the main bearish trend, so the current rise will likely go on soon.
There’s an “Engulfing” pattern at the last high, but also we’ve got a “High Wave” on the nearest support line. So, the market is likely going to reach the next resistance on the maximum, which was formed in 2014.