USD/JPY: "Harami" led to the bearish correction
There’s a local correction in progress along the 89 Moving Average. Therefore, the market is likely going to test the nearest support. If a pullback from this line happens, bulls will probably try to deliver a new high. As we can see on the Daily chart, the last “Harami” hasn’t been confirmed, so the price is rising. Under this circumstances, today’s candle is likely going to be bullish.
The price is moving near the important high, which was formed in 2014. There’s a “Harami”, but its confirmation isn’t enough. So, the pair is likely going to get a support on the 21 Moving Average.