We’ve got a “Doji” and a “Tower” on the 144 Moving Average, but their confirmation isn’t enough. Also, there’s a “Harami” at the local low, which has been confirmed. Therefore, the market is likely going to deliver a new high shortly. As we can see on the Daily chart, here’s a bearish “Harami” without a confirmation. So, today’s candle is probably going to be bullish.
The price is trying to break the high, which was formed in 2014. Previously, a “Harami” has been formed on the 21 Moving Average. If any bearish pattern on the nearest resistance arrives, there’ll be a chance to see a downward correction.
USD/JPY, H4
USD/JPY, H1
Origin: FX BAZOOKA
