USD/JPY: "Window" is bulging at the seams, but still restrain bears
There’s a “Three Methods” pattern a little bit above the “Window”, but this pattern hasn’t been confirmed yet. So, the market is likely going to move in a range between the nearest resistance and the lower “Window”. As we can see on the Daily chart, we don’t have any reversal patterns so far. Therefore, today’s candle is going to be black.
The market has been falling down since plenty of bearish patterns were formed at the last high. The price reached the “Window” afterwards, which brought a “Belt Hold”, a “Tweezers” and two “Inverted Hammers”. So, the pair is likely going to reach the 21 or 34 Moving Average, which could help bears to return into the market.