USD/JPY: bulls going to climb ever higher
The price has been rising since a “Hammer” formed at the last low. Also, the pair faced a support on the 144 Moving Average, which led to form a “Harami” pattern. Therefore, bulls are likely going to move on towards the nearest “Window”. As we can see on the Daily chart, there’s the unconfirmed bearish “Harami”, so today’s candle will probably be a white one.
The main upward trend is still on the table, which was supported by the 13 & 34 Moving Averages. Moreover, the last bullish “Harami” has been confirmed, so the price is likely going to continue rising until any bearish pattern arrives.