USD/JPY: pair approaching the upper 'Window'

2018-07-12 22:01    FBS

USD/JPY: pair approaching the upper 'Window' Institution Opinions 1

The pair is approaching the upper 'Window' (112.63). Also, there's no any reversal pattern so far, but if we have some, there'll be an opportunity to have a bearish correction towards the nearest support at 110.49.

USD/JPY: pair approaching the upper 'Window' Institution Opinions 2

The last 'Three Methods' patterns led to the current upward price movement. The main target is the closest resistance at 112.63. A pullback from this level could be a starting point for a downward correction.

JPY

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