USD/JPY: bulls broken the "Window"
The price has been moving up since a “Hammer” arrived at the local low. Also, we’ve got a “Harami” and an “Engulfing” on the last “Window”, so the price is likely going to rise in the short term. As we can see on the Daily chart, the pair found a lodgement under the “Window”. Therefore, the main target is the 34 Moving Average, which can bring a reversal pattern afterwards.
We haven’t got any reversal pattern so far, but the price is about to achieve the nearest “Window”. If a pullback from it happens later on and we see a bearish pattern, a downward correction will be on the table.