USD/JPY: "Window" has been waiting for bulls
Bulls are very strong, so we don’t have any reversal patterns so far. Also, the price has got a support on the 144 Moving Average, so the market is likely going to reach the nearest “Window” in the short term. As we can see on the Daily chart, the last “Harami” pattern hasn’t been confirmed, which makes possible an achievement of the 34 Moving Average.
The price found a support on the 13 Moving Average. Moreover, there’s a confirmed “Hammer”, so the pair is likely going to test the last high shortly. If we see a pullback from here, there’ll be a chance to see a local correction towards the Moving Averages.