USD/JPY: "Window" going to act as a support

14 September 2016, 17:49
Eko Rediantoro

There’s a bearish “Shooting Star” at the local high. If it confirms, the price is likely going to get a support on the nearest Moving Averages. As we can see on the Daily chart, the middle of the last huge black candle acted as a resistance again. However, if we see a pullback from the 13 Moving Average, there’ll be an opportunity to have another upward movement.

We’ve got a “Harami” and a “Three Black Crows”, so the price started to decline. At the same time, if the nearest “Window” brings any bullish pattern, then the market is likely going to form a local upward correction.

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