USD/JPY: unstoppable bears

The price is still declining, so we don’t have any reversal pattern. Therefore, the market is likely going to test the nearest support in the short term. If any bullish pattern arrives afterwards, there’ll be an option to have an upward correction.

USD/JPY: unstoppable bears

We’ve got a new “Window”, which is still open. Also, there’s a “Three Methods” pattern, so the price is likely going to test the closes support level, which could be a departure point to a bullish correction.

Author: FBS Analyst Team

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