USD/JPY: bulls and bears are fighting between the "Harami" patterns
The last “Gravestone Doji’s” confirmation has been canceled by the just arrived “Engulfing” pattern. So, the market is likely going to test the nearest support once again in the short term. If a pullback from this level happens, bulls will be free to break the last high. As we can see on the Daily chart, here’s a support by the 13 Moving Average, which made possible an achievement the 34 Moving Average. Therefore, we’re probably going to see new bullish candles during this week.
There’s a consolidation, which is rich for “Harami” patterns. Also, we’ve got an “Engulfing” at the last high. So, the price is likely going to get a support on the 21 Moving Average, which can bring any kind of reversal pattern.