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USD/JPY: bullish "Engulfing" pattern

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The upper "Window" is acting as resistance, but there's a bullish "High Wave" pattern. In this case, the market is likely going to test the 55 Moving Average, which could be a departure point for another decline.

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There's a bullish "Engulfing", which has been formed at the last local low, but confirmation of this pattern isn't enough. The main intraday target is the 144 Moving Average, which could act as resistance soon.

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