The pair has been rising and this movement can go even higher, because there’s a “Three Methods” pattern. On the daily chart we can see a couple of “Harami” patterns, but they haven’t been confirmed yet. The last candle was closed above the middle of big white candle, and it’s a bullish signal.
There’s a bearish “Tower” at the last maximum. Also, on the 89 Moving Average line a “Hammer” has been formed. It’s a likely to see a downward correction towards the 55 Moving Average line and bull’s revenge afterwards.
USD/JPY, H4
USD/JPY, H1
Origin: FX BAZOOKA
