USD/JPY: bulls going to move on because of "Three Methods"
We’ve got a “Harami” at the last low, so the current upward correction is likely going to move on towards the nearest resistance line. If we a pullback happens afterwards, there’ll be an opportunity to see the price even lower. As we can see on the Daily chart, the bearish trend is still on the table, but Friday’s candle has a huge shadow. Therefore, when a local correction ends, the downtrend is likely going to be continued.
There’s a bullish “Harami”, which led to the local correction. Also, today’s “Window” has been completely closed. However, we’ve got a “Three Methods” pattern, so the pair is likely going to reach the 55 Moving Average later on.